Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Cost per Car Washed Month $ 1,100 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.70 $ 0.07 $ 0.15 $ 0.20 $ 5,000 $ 8,100 $ 1,900 $ 1,600 $ 0.03 For example, electricity costs should be $1,100 per month plus $0.07 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.30 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