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 Month Cost per Car Washed $ 0.40 $0,08 Cleaning supplies Electricity $ 1,100 Maintenance $ 0.20 $ 0.30 $4,700 Wages and salaries Depreciation $ 8,400 Rent $ 2,100 Administrative expenses $ 1,400 $ 0.03 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company expects to wash 8,200 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