Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs: Cost per Fixed Cost per Month $ 1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $ 0.70 $ 0.05 $ 0.25 $ 0.30 $ 5,000 $ 8,300 $ 1,900 $ 1,400 $ 0.02 For example, electricity costs are $1,200 per month plus $0.05 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible budget for August. Miracle Car Wash Flexible 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