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 $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.80 $ 0.05 $ 0.15 $ 0.40 $ 4,900 $ 8,300 $1,900 $1,400 $ 0.04 For example, electricity costs are $1,000 per month plus $0.05 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.10 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 $ 0