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Schedule of Cash Payments for a Service Company

EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (JanuaryMarch). The Accrued Expenses Payable balance on January 1 is $30,500. The budgeted expenses for the next three months are as follows:

	January	February	March
Salaries	$70,200		$85,400		$94,600
Utilities	5,800		6,400		7,600
Other operating expenses	53,400		58,200		64,100
Total	$129,400		$150,000		$166,300

Other operating expenses include $3,800 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 75% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December.

Prepare a schedule of cash payments for operations for January, February, and March.

	January	February	March
Payments of prior month's expense	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3
Payments of current month's expense	fill in the blank 4	fill in the blank 5	fill in the blank 6
Total payments	$fill in the blank 7	$fill in the blank 8	$fill in the blank 9