Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per Month $ 1,200 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.50 $ 0.07 $ 0.20 $ 0.20 $ 4,400 $ 8,000 $1,900 $1,500 $ 0.03 For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August. Required: Prepare the company's planning budget for August. Answer is not complete. Lavage Rapide Planning Budget For the Month Ended August 31 Budgeted cars washed $ 55,250 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 4,250 1,795 1,700 4,400 X 8,000 1,900 1,500 X 23,545 31,705 Administrative expenses Total expense Net operating income $