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 Cost per Car Washed $0.80 $0.08 $0.10 $0.40 $1,300 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 4,600 $ 8,000 $2,000 $1,600 $0.04 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.00 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 $