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 Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $0.60 $1,400 $0.10 $0.20 $4,300 $0.20 $8,200 $2,200 $1,600 $0.04 For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 per car washed. Required: Prepare the company's planning budget for August. Miracle Car Wash Planning Budget For the Month Ended August 311 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income