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 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses per Month Cost per Car Washed $0.70 $1,100 $0.07 $0.25 $4,200 $0.40 $8,100 $2,100 $1,400 $0.04 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.60 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 $