At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December. 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: This information has been collected in the Microsoft Excel Ontine file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Prepare a cash budget for September, Octobec, November, and December, Enter all antounts as positive values except cash decrease which should be indicated with a minus tlon. Craa Kovar Craig Kovar Cash Budget b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? 6. What are the budget implications for Craig Kovar? Craig can see that his ptesent plan sufficient cash. If Craig did not budget but went ahead with the original plan, he would be 3 at the end of December, with no time left to adjust