Michelle an Accountant, likes knowing where every dollar is going, so she has taken on the job of cash budget for a small company; she wants to go back through the fourth$-$quarter plan before working on the following calendar year's cash budget. After reviewing notes from the management team, she has the following information.

October November December

Cash receipts $$53,000$ $$56,900$ $$55,700$

Cash Disbursements $51,70060,70053,900$

Additional Information

$*$ Line of credit withdrawals must be made on the first of the month in $$1000$ increments.

$*$ Line of credit payments must be made on the last day of the month in $$1000$ increments.

$*$ Credit line balance, September $30,$ $$2,000.$

$*$ Annual loan interest rate, $6\%,$ with monthly interest payments required.

$*$ Minimum monthly cash account balance, $$10,000.$

$*$ Cash balance, September $30,$ $$10,300.$

$($a$)-$ Complete the fourth quarter cash budget, reporting amounts for each month and for the quarter overall.

$($b$)-$ Assume company executives do not borrow more than $$5,000$ at any given time $,$ in this forth quarter, is this an issue? if so$,$ identify for which month it is an issue.