Personal Budget At the beginning of the school year, KatherineMalloy decided to prepare a cash budget for the months ofSeptember, October, November, and December. The budget must planfor enough cash on December 31 to pay the spring semester tuition,which is the same as the fall tuition. The following informationrelates to the budget: Cash balance, September 1 (from a summerjob) $6,350 Purchase season football tickets in September 90Additional entertainment for each month 220 Pay fall semestertuition in September 3,400 Pay rent at the beginning of each month310 Pay for food each month 170 Pay apartment deposit on September2 (to be returned December 15) 400 Part-time job earnings eachmonth (net of taxes) 790 a. Prepare a cash budget for September,October, November, and December. Enter all amounts as positivevalues except an overall cash decrease which should be indicatedwith a minus sign. KATHERINE MALLOY Cash Budget For the Four MonthsEnding December 31 September October November December Estimatedcash receipts from: Part-time job $ $ $ $ Deposit Total cashreceipts $ $ $ $ Estimated cash payments for: Season footballtickets $ Additional entertainment $ $ $ Tuition Rent Food DepositTotal cash payments $ $ $ $ Overall cash increase (decrease) $ $ $$ Cash balance at beginning of month Cash balance at end of month $$ $ $