Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.40
Electricity	$ 1,400	$ 0.08
Maintenance		$ 0.20
Wages and salaries	$ 4,900	$ 0.40
Depreciation	$ 8,100
Rent	$ 1,900
Administrative expenses	$ 1,500	$ 0.04

For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.10 per car washed.

Required:

Prepare the companys planning budget for August.

\begin{tabular}{|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 expenses \\ \hline Net operating income \\ \hline \end{tabular} \begin{tabular}{|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 expenses \\ \hline Net operating income \\ \hline \end{tabular}