Lavage Rapide 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 Wages and salaries Depreciation Administrative expenses Rent Fixed Cost per Month $ 1,500 $ 4,100 $ 8,300 $ 2,200 $ 1,800 Cost per Car Washed $ 0.50 $ 0.05 $ 0.25 $ 0.30 $ 0.05 For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company expects to wash 8,500 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 owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.30 per car washed. Required: Prepare the company's planning budget for August. \begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{2}{|c|}{ Planning Budget } \\ \hline Ror the Month Ended August 31 \\ \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 \\ \hline \end{tabular}