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 $ 1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 6.50 $ 0.07 $ 0.20 $ 0.30 $4,500 $ 8, 100 $ 1,900 $ 1,500 $ 0.03 For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.80 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