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 Cleaning supplies $0.60 Electricity $1,500 $0.09 Maintenance $0.20 Wages and salaries Depreciation $4,700 $0.20 $8,400 $2,100 $1,800 $0.04 Rent Administrative expenses For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.20 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 0 Net operating income $