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 Cost per per Month Car Washed Cleaning supplies $0.70 Electricity $1,000 $ 0.08 Maintenance $ 0.20 Wages and salaries $ 4,100 $ 0.20 Depreciation $ 8,100 Rent $ 1,900 Administrative expenses $ 1,80e $ 0.02 For example, electricity costs are $1.000 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.30 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses 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