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 $ 0.80 $ 0.15 $ 0.20 $ 0.30 $ 5,000 $ 6,000 $ 8,000 $ 4,000 $ 0.10 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and collected an average of $4.90 per car washed. Required: Prepare the company's flexible budget for August Lavage Rapide Flexible Budget For the Month Ended August 31 Actual cars washed 8,800 Revenue $ 44,100 X Expenses: Cleaning supplies 7,200 Electricity 2,550 Maintenance 1,800 Wages and salaries 4,200 Depreciation 6,000 Rent 8,000 Administrative expenses 4,900 Total expense 34,650 Net operating income $ 9,450 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted