Personal budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $9,200 Purchase season football tickets in September 170 Additional entertainment for each month 270 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 650 Pay for food each month 600 Pay apartment deposit on September 2 (to be returned December 15) 650 Part-time job earnings each month (net of taxes) 1,300 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. a. Prepare a cash budget for September October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign. Craig Kovar Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job $ $ Deposit Total cash receipts Less estimated cash payments for Season football tickets Additional entertainment Tuition Rent Food October November December Estimated cash receipts from: Part-time job Deposit Total cash receipts Less estimated cash payments for: Season football tickets Additional entertainment Tuition Rent Food Deposit $ $ $ $ $ Total cash payments Cash increase (decrease) Plus cash balance at beginning of month $ Cash balance at end of month