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 companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.80
Electricity	$ 1,400	$ 0.07
Maintenance		$ 0.20
Wages and salaries	$ 4,900	$ 0.30
Depreciation	$ 8,200
Rent	$ 1,800
Administrative expenses	$ 1,700	$ 0.02

For example, electricity costs should be $1,400 per month plus $0.07 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.80 per car washed.

Required:

Prepare the companys flexible budget for August.

Revenue

Expenses:

Cleaning supplies

Electricity

Maintenance

Wages and salaries

Depreciation

Rent

Administrative expenses

Total expense

Net operating income