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P 4 - 1 2 Preparation of cash budget Sam and Suzy Sizeman need to prepare a cash budget for the last quarter of the

P4-12 Preparation of cash budget Sam and Suzy Sizeman need to prepare a cash budget for the last quarter of the year to make sure they can cover their expenditures during the period. Sam and Suzy have been preparing budgets for the past several years and have been able to identify the percentage of their income that they pay for most of their expenses. These percentages are based on their take-home pay (e.g., monthly utilities normally run 5% of monthly take-home pay). The information in the following table can be used to create their fourth-quarter budget for this year.
\table[[,],[Income,$4,900
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