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 $ 1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.50 $ 0.05 $ 0.25 $ 0.30 $ 4,500 $ 8,500 $ 2,100 $ 1,500 $ 0.01 For example, electricity costs are $1,400 per month plus $0.05 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.60 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