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 $1,100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.40 $ 0.05 $ 0.25 $ 0.40 $4,600 $ 8,400 $ 2,000 $1,700 $ 0.02 For example, electricity costs are $1,100 per month plus $0.05 per car washed. The company actually washed 8,600 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 Net operating income