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 Cost per per Month Car Washed Cleaning supplies $ 0 . 70 Electricity $ 1, 300 $ 0 . 05 Maintenance $ 0. 25 Wages and salaries $ 4 , 400 $ 0 . 20 Depreciation $ 8, 100 Rent $ 1, 900 Administrative expenses $ 1 , 600 $ 0 . 04 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.90 per car washed. Required: Prepare the company's planning budget for August. Miracle Car Wash Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses