ents complete the calculations in Excel and then summarize your For the 3.2 a answer to each question in 1-2 sentences either below the calculation or in Word. For assignment ASSIGNMENT 3.2. DEVELOPING A CASH BUDGET Develop a cash budget based on the following information about a preschool: Revenue Tuition fee: $100,000 paid monthly Event income: $50,000 by Thanksgiving Foundation support: $200,000 semiannually, May and November Expense Salary and wages: $80,000 monthly Rent and insurance: $100,000 in January Supply and food: $10,000 monthly Administration and fundraising: $10,000 monthly Assume the board of directors does not allow for short-term borrowing and that the cash safety margin is $80,000. How much operating reserve or liquidity should the school have to embark on the preschool program