Carmen Company has the following projected costs for manufacturing and selling and administrative expenses: E(Click the icon to view the projected costs.) Prepare a schedule of cash payments for Carmen for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If a box is not used in the table leave the box empty; do not entera zero.) January February March Total Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Manufacturing Overhead: Manufacturing Overhead: Total payments for manufacturing overhead Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Total cash payments Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Total cash payments Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Utilities Payable January February March $ 5,000 3,800 $ Direct materials purchases 4,200 $ 3,900 Direct labor costs 2,600 3,500 700 700 700 Depreciation on plant Utilities for plant 650 650 650 140 Property taxes on plant 140 140 Depreciation on office 100 100 100 350 Utilities for office 350 350 140 140 Property taxes on office 140 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 Done Print