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 companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.40 Electricity $ 1,500 $ 0.08 Maintenance $ 0.20 Wages and salaries $ 4,100 $ 0.20 Depreciation $ 8,100 Rent $ 2,100 Administrative expenses $ 1,400 $ 0.04 For example, electricity costs are $1,500 per month plus $0.08 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.70 per car washed. Required: Prepare the companys flexible budget for August.

Lavage Rapide Flexible Budget For the Month Ended August 31 \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ For the Month Ended August 31} \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Cleaning supplies & \\ \hline Electricity & \\ \hline Maintenance & \\ \hline Wages and salaries & \\ \hline Depreciation & $ \\ \hline Rent & 0 \\ \hline Administrative expenses & \\ \hline Total expense & \\ \hline Net operating income & \\ \hline \end{tabular}