Wahoo Clinic provided you with the following information. Prepare a cash budget for the quarter ending December, 2010 and for the months October through December 2010. Assumptions: a. Revenues: Actual Patient Projected Patient Projected Patient Revenues 2010 Revenues 2010 Revenues 2011 Jul. $1,400,000 Oct. $1,500,000 Jan $1,700,000 Aug. $1,500,000 Nov. $1,600,000 Feb $1,300,000 Sept. $1,300,000 Dec. $1,700,000 Mar $1,200,000 b. Patient revenues are collected as follows: 60% month of service 30% 1 month after service 10% 2 months after service c. Other revenues include all other revenues including interest earned, and are forecasted to be: October $44,000 November $55,000 December $52,000 d. Projected cash outflows: October $1,199,000 November $1,263,800 December $1,390,600 January $855,000 e. The ending cash balance for September was $200,000. f. Wahoo Clinic requires a month-end cash balance equal to 40% of the following months forecasted cash outflows.