accountm 3. You are preparing your personal cash budget for the year 2018. During 2018, assume that you can expect to earn $3600 from your summer job and $1200 from work as a tutor. Also, your family always gives you gifts totaling around $400 during the year. A scholarship from a local Kiwanis Club adds $1000 each year while you are in college. Assume your family pays your college costs except for room and board. Planned expenditures for the year 20018 include apartment rent for the year at $150 per month for 12 months and annual food costs of $5600. Transportation costs usually run about $40 per month. You need to have a little fun, so entertainment will cost $100 per month. You need to keep a little cash in reserve for travel and other emergencies, so you maintain a cash reserve of $500 at all times. To start 2003, you have the cash reserve plus $200. Will you need a loan in 2018? To answer this question, prepare your personal cash (5 marks) budget for the year based on the data given