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 $0.50 $0.10 $0.30 $0.30 $4,600 $ 8.000 $ 2,000 $1,700 $ 0.04 For example, electricity costs are $1,100 per month plus $0.10 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.70 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation $1,100 Lenny DuPPLIED Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses U.JU $ 0.10 $ 0.30 $ 0.30 $ 4,600 $ 8,000 $ 2,000 $1,700 $ 0.04 For example, electricity costs are $1,100 per month plus $0.10 per car washed. The company expects to wash to collect an average of $6.70 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning 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