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 $1,100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.70 $ 0.05 $ 0.15 $ 0.30 $ 5,000 $ 8,400 $ 2,200 $ 1,300 $ 0.04 For example, electricity costs are $1,100 per month plus $0.05 per car washed. The company actually washed 8,600 cars in August and collected an average of $5.90 per car washed. Required: Prepare the company's flexible budget for August. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income