more information). The company's fiscal year end is September 30 . Noble's management wants to estimate the company's cash balances for the last three months of calendar year 2017, which are the first three months of fiscal year 2018. The questions accompanying the spreadsheet ask you to prepare a monthly cash budget, pro forma financial statements, and a cash flow forecast for the period. a. Using the information provided, construct a monthly cash budget for October through December 2017. Based on your analysis, will Noble enjoy a surplus of cash, or require external financing? b. Construct a pro forma income statement for the first fiscal quarter of 2018 (Oct. through Dec. 2017) and a pro forma balance sheet as of December 31, 2017. What is your estimated external funding reauired for December 31 ? c. Does the December 31, 2017 estimated external financing equal your cash surplus (deficit) for this date from vour cash budget? d. Based on your answers above, construct a cash flow forecast for Noble for the period October through December 2017. NOBLE EQUIPMENT CORP. Facts and assumptions Sales ( 20 percent for cash, the rest on 30-day credit terms): Purchases (all on 60-day terms): NOBLE EQUIPMENT CORP. INCOME STATEMENT (\$ thousands) Fiscal year ended September 30, 2017 1 Cost of goods sold consists entirely of items purchased during the quarter. 2 Selling and administrative expenses consist entirely of salaries. 3 Depreciation is straight-line at the rate of $4,000 per quarter. 4 Accrued expenses are not expected to change in the last quarter. 5$25.7 due December 2017 . No payments for remainder of year