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 $ 1,400 $ 5,000 $ 8,400 $ 1,800 $ 1,800 Cost per Car Washed $ 0.50 $ 0.09 $ 0.15 $ 0.20 $ 0.04 For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible 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 $1,400 per month plus $0.09 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible budget for August. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline \multicolumn{2}{|c|}{ For the Month Ended August 31 } \\ \hline & \\ \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 & \\ \hline \end{tabular}