Then answer: What do the planned deficit or surplus deficit represent for each month?

Data chose from Emerald Corp.: Additional Data: Please, pay attention to the cash expenses and non-cash expenses, and their implication when computing the Cash Budget: 1. The firm collects 65% of sales for cash same month, and 35% one month later based on history. 2. The firm will receive $100,000 in cash Dividends in December from investments it has in another corporation. 3. Interest Income of $150,000 on Marketable Securities investments will be received in October. 4. The firm will sell machinery for cash for $350,000 in November. 5. The firm expects to receive $75,000 in Interest from its investments in bonds in December. 6. The firm will pay in cash for 60% of its purchases (same month) and 40% of its purchases in cash the following month. 7. Salaries and Wages amount to 10% of the preceding month's sales 8. Sales commissions paid amount to 7% of the preceding month's sales. 9. Lease Payments of $250,000 must be made each month. 10. A principal and interest payment on an Outstanding loan is due in November for $700,000 11. The firm will purchase a truck for $300,000, at the end of November in cash 12. The firm will pay cash dividends of $225,000 at the end of December. 13. Fixed assets costing $1,200,000 in cash will be purchased in November. 14. Depreciation expense is expected to be $100,000 each month. 15. The firm has a beginning cash balance in October of $700,000. 16. The firm wishes to maintain a monthly cash balance of $700,000. Required: Prepare and Evaluate a Cash Budget for the Months of October, November, and December based on the information shown below, and determine if the firm would have a required financing (deficit) or excess cash balance (surplus) for each period. Then answer the questions