Nt the beginning of the school yeat, Katherine Malloy decided to prepare a cash budget for the monthis of September, October, November, and December. The budget miat plan for enough cash on Decenber 31 to pay the spning semester tuition, which is the same as the fall tuibon, The followne information relates fo the budget: a. Prepare a cash budget for September, October, November, and Decemb, thter all amounts as positive willues except an overall casti decrease which should bo Indicated with at mintas sign. Katherine Malloy Katherine Malloy Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job Deposit Total cash receipts Estimated cash payments for: Season football tickets Additional entertainment Tuition Rent Food Deposit Total cash payments Cash increase (decrease) Cash balance at beginning of month Cash balance at end of month b. No the foor monthly budgets that are presented prepared as static budgets or flexible builgets? c. Malloy can see that her presert plan sufficient cash. HI Malloy did not budget bot went aheod with the original ptan, she would beat the end at December, with no tame left to adjust