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 $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $8.50 $ 0.06 $ 0.10 $ 0.30 $5,000 $3,200 $ 2,200 $ 1,400 $ 0.01 For example, electricity costs are $1,000 per month plus $0.06 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.00 per car washed Required: Prepare the company's planning budget for August Answer is complete but not entirely correct. Answer is complete but not entirely correct. Miracle Car Wash Planning Budget For the Month Ended August 31 Actual cars washed 8 8,400 $ 53,760 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,200 $ 1,704 840 X 7.120 8,100 % 2,000 $ 1,668 X 25,632 28,128 S