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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,000 per month plus $0.05 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. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{2}{|c|}{ Planning Budget } \\ \hline & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Cleaning supplies & \\ \hline Electricity & \\ \hline Maintenance & \\ \hline Wages and salaries & \\ \hline Depreciation & \\ \hline Rent & \\ \hline Administrative expenses & \\ \hline Total expense & \\ \hline Net operating income & $ \\ \hline \end{tabular}