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: Cleaning supplies Electricity Maintenance Fixed Cost per Month $1,000 $ 4,800 $8,000 $1,000 $ 1,300 Rent Cost per Car Washed $ 0.60 $ 0.09 $ 0.25 $ 0.30 Wages and salaries. Depreciation Administrative expenses $ 0.03 For example, electricity costs should be $1,000 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August 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 $ LA 0 0