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 tultion. The foliowing information relates to the budget: a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outhows, a decrease in cosh or cash payments. Craig Kovar Cash Budget b. Are the four monthly budgets that are presented prepared as static bedgets or flexible budgets? c. What are the budget implications for Craig Kovar? sufficlent cash. If Craig did not budget but went abead with the original plan, he would Craig can see that his present plan at the end of December, with no timie left to adjust