at the beginning of the school year, wo Kovar decided to prepare the budget for the months of September October November, and December. The budget must plan for chough cash on December i to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget Cash balance, September 1 (from a summer yob) 57,840 Purchase season football tickets in September 110 Additional entertainment for each month 270 Pay fall semester tuition in September 4,200 Payment the beginning of each month 380 Pay for food och month 210 Pay apartment depot on September 2 to be returned December 15 Part time job earnings each month (net of taxes) 920 500 Prepare a cah budoet for September October, November, and Decembet Use the minus son to indicate cash outflow, a decrease in cash or cash payments Craig Kovar Cash Budget For the Four Months Ending December 1 September October November December Estimated charcmpts from Accounting bed Total cash receipts Les estimated cash payments for 0 0.0 II i budi u OD CO II ID) Total cash payments Cash increase (decease) ES Cash balance at end of month b. Ar the four monthly budots that are presented prepared a static budgets or fete budgets What are the budget implications for a var Craig can see that his present plan sufficient cathIr did not budget but went ahead with the onginaplanhe would be at the end of December with no time