E22-27 (similar to) Question Help Graham Company has the following projected costs for manufacturing and selling and administrative expenses: B (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Graham 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 enter a zero.) January February March Total Data Table Cash Payments Direct Materials: Accounts Payable balance, January 1 January February March Direct materials purchases $ 3,600 $ 4,900 January-Direct material purchases paid in February FebruaryDirect material purchases paid in March 3,200 $ 3,500 Direct labor costs 4,000 4,200 200 200 200 Total payments for direct materials 560 560 560 Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office 310 310 310 Direct Labor: 550 550 550 Total payments for direct labor Utilities for office 250 250 250 Property taxes on office 160 160 160 Office salaries 5,500 5,500 5,500 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