Preparation of cash budget. Personal finance problem Sam and Suzy Sizeman need to prepare a cash budget for the ast quarter of 2016 in order to make sure they can cover their expenditures during the period. Sam and Suzy have been preparing budgets for the past several years y(that is, monthly utilities normally run 4.5 % of monthly take-home pay). The information here m can be used to create their fourth-quarter budget and have been able to establish specific percentages for most of their cash outflows. These percentages are based on their take-home r Prepare a quarterly cash budget for Sam and Suzy covening the months October through December 2016. Are there individual months that incur a deficit? What is the cumulative cash surplus or deficit by the end of December 2016 Income $4,916 Monthly take-home pay Expenses Housing 30.4% 9.8 % 6.7 % 0.5% Food Transportation Medical/dental Clothing for October & November 2.6% Property taxes (November only) 11.4% 14% 2.2 % 5.7 % Personal Care Entertainment for October & November Entertainment for December $1,472 Savings Excess cash .1 %