Christmas Inc. is a wholesaler of Christmas decorations and wrapping paper. It is a seasonal business and, due to the timing of cash inflows and outflows, it frequently experiences a cash shortfall in the fourth quarter of the year, before it can liquidate its current assets. Christmas Inc. has a cash balance as of October 1 of $40,000. Cash receipts for October, November, and December is expected to be $20,000, $30,000, and $70,000, respectively. Fixed-cash operating expenses are $40,000 per month, and variable-cash operating expenses are generally 30 percent of the cash receipts for that month. If the line of credit is paid off the month after it is used, there is no interest charged. Prepare a cash budget for Christmas Inc., and determine whether Christmas Inc. will need to make use of its $10,000 credit line.