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 Cost per Car Washed $1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.60 $ 0.10 $ 0.15 $ 0.40 $4,400 $ 8,400 $1,900 $1,600 $ 0.04 For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.90 per car washed. Required: Prepare the company's flexible budget for August. Answer is complete but not entirely correct. Lavage Rapide Flexible Budget For the Month Ended August 31 Budgeted cars washed $ 8,500 Revenue $ 52,290 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 4,980 X 1,715 1,660 5,960 8,000 1,800 2,032 26,147 26,143 Rent Administrative expenses Total expense Net operating income $