December 31 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 job)...... Purchase season football tickets in September. $9,250 160 Additional entertainment for each month.. Pay fall semester tuition in September 250 4,800 Pay rent at the beginning of each month. 600 Pay for food each month..... 550 Pay apartment deposit on September 2 (to be returned December 15).... Part-time job earnings each month (net of taxes). 600 1,200 a. Prepare a cash budget for September, October, November, and December. b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? What are the budget implications for Craig Kovar? C.