Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost cost per per Month Car Washed Cleaning supplies $ 0.70 Electricity $ 1, 180 1 0.08 Maintenance $ 0.10 Wages and salaries $ 4,880 $ 0.20 Depreciation $ 8, 408 Rent $ 2, 280 Administrative expenses $ 1, 480 $ 0.01 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company expects to wash 8,100 cars In August and to collect an average of $6.50 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 expenses 0 Net operating income $ 0