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 per Month $ 1,400 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $ 0.40 $ 0.10 $ 0.20 $0.30 $ 4,200 $ 8,400 $ 2,000 $1,500 $ 0.04 For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.90 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