Match each example with the corresponding step in the financial planning process. Create the capital and cash budget Establish financial controls to see whether the firm is achieving its goals Forecast the firm's short-term and long-term financial needs Develop financial plan Create the operating/master budget Match each of the options above to the items below. Elyse tries to predict how much cash Ballerina Princess will need in the next year. She then tries to determine how much cash the firm will need beyond this year. No answer Elyse takes the predictions of cash needed in the upcoming years and then develops a strategic plan of how to obtain this cash. No answer Elyse determines her planned expenditures for the major items in the firm, and then tries to plan the cash flow for the next year. No answer Elyse combines her planned predictions into one large plan that will cover all the revenues and expenses for the firm. No answer Elyse is comparing her real cash flows to her predicted ones. She then analyzes how to cut several expenses for Ballerina Princess