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				$	0.50
Electricity	$	1,200		$	0.08
Maintenance				$	0.20
Wages and salaries	$	4,700		$	0.30
Depreciation	$	8,000
Rent	$	2,200
Administrative expenses	$	1,700		$	0.02

For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.10 per car washed.

Required:

Prepare the companys flexible budget for August.

Lavage Rapide
Flexible 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