Elwood 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 Elwood for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If an input field is not used in the table leave the input field empty; do not enter a zero.) January February March Total - X Data Table Cash Payments Direct Materials: Accounts Payable balance, January 1 January February March January-Direct material purchases paid in February Direct materials purchases $ 3,600 $ 3,800 $ 4,800 February-Direct material purchases paid in March Direct labor costs 2,600 3,000 4.400 Total payments for direct materials Depreciation on plant 800 800 800 Utilities for plant 720 720 720 Direct Labor: Property taxes on plant 100 100 100 Depreciation on office 250 250 250 Total payments for direct labor Utilities for office 450 450 450 Property taxes on office 150 150 150 Office salaries 2.500 2,500 2.500 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. Print Done