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
Direct materials purchases	$3,000	$4,500	$4,900
Direct labor costs	3,400	3,900	3,800
Depreciation on plant	450	450	450
Utilities for plant	950	950	950
Property taxes on plant	300	300	300
Depreciation on office	100	100	100
Utilities for office	350	350	350
Property taxes on office	120	120	120
Office salaries	6,000	6,000	6,000

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 2nd. the accounts payable and utilities payable accounts have a zero balance on January 1st

		January	February	March	Total
Cash Payments
Direct Materials:
Accounts Payable balance, January 1
JanuaryDirect material purchases paid in February
FebruaryDirect material purchases paid in March
Total payments for direct materials
Direct Labor:
Total payments for direct labor