Armand Company has the following projected costs for manufacturing and selling and administrative expenses (Click the icon to view the projected costs) Prepare a schedule of cash payments for Armand for January, February, and March Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31 (Assume the company started operations in January If an input field is not used in the table leave the input field empty, do not enter a zero) Cash Payments Direct Materials: January February March Total Accounts Payable balance, January 1 3,100 3,500 4,300 January-Direct material purchases paid in February 3,100 3,500 4,300 February-Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Data table January February March Direct materials purchases $ 3,100 $ 3,500 $ 4,300 Direct labor costs 2,700 3,900 4,200 Depreciation on plant 200 200 200 Utilities for plant 950 950 950 Property taxes on plant 120 120 120 Depreciation on office 450 450 450 Utilities for office 650 650 650 Property taxes on office 100 100 100 Office salaries 5,000 5,000 5,000 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase, utilities, which are paid in the month after incurred, and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Q Search Print Done - X