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 Cleaning supplies $ 0.70 Electricity $ 1,200 $ 0.05 Maintenance $ 0.20 Wages and salaries $ 4,500 $ 0.20 Depreciation $ 8,400 Rent $ 1,900 Administrative expenses $ 1,700 For example, electricity costs should be $1,200 per month plus $0.05 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.70 per car washed. Required: Prepare the company's flexible budget for August $ 0.04 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