Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.70
Electricity	$ 1,400	$ 0.07
Maintenance		$ 0.15
Wages and salaries	$ 4,300	$ 0.30
Depreciation	$ 8,400
Rent	$ 2,100
Administrative expenses	$ 1,500	$ 0.02

For example, electricity costs should be $1,400 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.50 per car washed.

Required:

Prepare the companys planning budget for August.

\begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{2}{|c|}{ Planning Budget } \\ \hline Budgeted cars washed & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Cleaning supplies & \\ \hline Electricity & \\ \hline Maintenance & \\ \hline Wages and salaries & \\ \hline Depreciation & \\ \hline Rent & \\ \hline Administrative expenses & \\ \hline Total expenses & $ \\ \hline Net operating income & 0 \\ \hline \end{tabular}