April May June Manufacturing $156,500 $190,500 $214,500 costs Insurance 1,190 1.190 1,190 expense" Depreciation 2,000 2,000 2,000 expense Property tax 540 540 540 expense*** * Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. Insurance expense is $1,190 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October). ***Property tax is paid once a year in November The cash payments expected for Sandpiper Company in the month of April are A) $117,375 B) $138,723 C) $156,500 D) $120,945