Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: 23 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 Cash Payments Direct Materials: Accounts Payable balance, January 1 JanuaryDirect material purchases paid in February FebruaryDirect material purchases paid in March 3900 4300 Total payments for direct materials Direct Labor: Total payments for direct labor Elwood 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 Taxes, Accounts Paya do not enter a zero.) in Prepaid Property he input field empty; Data Table al Cash Payments January February March $ 3,900 $ 3,900 $ 4,300 3,500 3,700 4,400 Direct Materials: 500 500 500 Accounts Payable ba JanuaryDirect mate February-Direct ma 450 450 450 Direct materials purchases Direct labor costs Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries 140 140 140 Total payments for 500 500 500 350 350 350 Direct Labor: 130 130 130 Total payments for 3,500 3,500 3,500 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