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 related to the budget: Cash balance, September 1 (from a summer job) 58,170 Purchase season football tickets in September 110 Additional entertainment for each month 280 4,400 Pay fall semester tuition in September 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 cast 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: 1,010 Part-time job Deposit 1,010 1,010 LIO 100 1.40 Next Estimated cash receipts from: Part-time job 1,010 1,010 1,010 1,010 Deposit 600 Total cash receipts 1,010 1,010 1,010 1,610 Estimated cash payments for: Season football tickets 110 Additional entertainment 280 280 280 280$ Tuition 4,400 390 390 390 390 Rent 220 220 220 220 Food 600 Deposit 890 6,000 s 890 890 Total cash payments $ 120 120 600 X 4,990 Overall cash increase (decrease) 3.130 x 3.260 x *.150 X 3.280 x Cash balance at beginning of month 3.380 x 3,100 X $ 3.280 X Cash balance at end of month