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 Coat per Month $1,100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.60 $0.06 $0.10 50.20 $5,000 58,300 $ 2.200 $1,500 $0.03 For example, electricity costs should be $1100 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.60 per car washed. Required: Prepare the company's planning budget for August 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