Personal Budget At the beginning of the school year, Katherine Malloy 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) $8,110 Purchase season football tickets in September 110 Additional entertainment for each month 280 Pay fall semester tuition in September 4,400 Pay rent at the beginning of each month 390 Pay for food each month 220 Pay apartment deposit on September 2 to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,010 a. Prepare a cash budget for September October November and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign KATHERINE MALLOY Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from LOLO 1010 1.00 Part-time job 2010 ebook * Show Me How KATHERINE MALLOY Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from Part-time job LI Deposit Total cath receipts LID Estimated cash payments for Season football tickets 110 Additional entertainment Tuition Rent 2 HI Food 23 Depost Totalcash payments Overall cash increase Cash and begang month Cashband of EETA.. EETA.. romeo 1.010 1,010 1.010 1.610 Total cash receipts Estimated cash payments for: Season football tickets Additional entertainment Tuition 110 200 280 20 ZNO 4,400 Rent 390 390 Food 220 220 Deposit 600 5,000 890 -4.990 Total cash payments Overall cash increase (decrease) Cash balance at beginning of month Cash balance at end of month 120 3.130 3.250 b. Are the four monthly budgets that are presented prepared as static budgets or flexiblet budgets? c. Malloy can see that her present plan sufficient cash. If Malloy did not budget but went ahead with the original plan, she would be at the end of December, with no time left to adjust Check My Work 3 more Check My Work uses remaining