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:

Cleaning Supplies: Cost per car washed: $0.40

Electricity: Fixed cost per month: $1,000 Cost Per Car Washed: $0.09

Maintenance: Cost per car washed: $0.10

Wages and Salaries: Fixed cost per month: $4,100 Cost Per Car Washed: $0.10

Depreciation: Fixed Cost Per Month: $8,200

Rent: Fixed Cost Per Month: $2,200

Administrative Expenses: Fixed Cost Per Month: $1,500 Cost Per Car Washed: $0.01

For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed.

1) Prepare the company's planning budget for August