Elwood Company has t folowing projected costs for manufacturing and selling and administrative expenses E(CIck the icon to view projected costs) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utlitess Payable as of March 31. (If a box is not used in the table leave the box empty not enter a zero.) January February March Total Cash Payments Direct Materlals: Deta Table Accounts Payable balanco, January 1 January Direct material purchases paid in February Fobruary Diroct malerial purchases paid in March January February March Direct materials purchases S 3,700 S 4,000 $ 4600 Total payments for direct materials Direct labor cosls 2.900 370C 3700 Depreciation on plant 500 600 500 Direct Labor Utilitics for plant 650 650 650 Total payments for direct labor Property taxes on plant 250 250 250 Depreciation on ofice 300 30 Manufacturing Overhead: Utilities for office 650 650 650 Property taxes on office 150 150 150 Office salaries 3.000 00 3.000 Total payments for manufacturing overhead All costs are paid in month incumred except direct materials, which are paid in the month tolowing the purchase; utilities, which are pad Selling and Administrative Expenses he vear on January 2 The Aernurts Pavahlo and Ulilios Puuble accounts have a zero balance on January 1 Total payments for Selling and Admin. expenses Print Done Total cash payments Acccount balances, March 31 Prepaid Property TExes Accounts Payable Ihlities Pavable