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 cost per Car per Month Washed Cleaning supplies $ 0.40 Electricity $1,100 $ 0.06 Haintenance $ 0.30 Wages and salaries $14,400 $ 0.20 Depreciation $. 8,200 Rent $ 1.900 Administrative expenses $1,400 $ 0.01 For example electricity costs are $1,100 per month plus 50.06 per car washed The company expects to wash 8,300 cars in August and to collect an average of $6.80 per car washed Required: Prepare the company's planning budget for August Lavage Rapida Planning Budget For the Month Ended August 31 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