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: Fixed Cost per Month Cost per Car Washed $ 0.80 $ 0.08 $ 0.20 $ 0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,400 $ 4,900 $ 8,000 $2,100 $1,300 $0.95 For example, electricity costs are $1,400 per month plus $0.08 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.10 per car washed. Required: Prepare the company's flexible budget for August Miracle Car Wash Flexible Budget For the Month Ended August 31 Actual cars washed 8.600 Revenue $ 52.460 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 6,880 2,088 1.720 7.4B0 Administrative expenses 18,168 Total expense S 34,292 Net operating income