Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $155,400 $196,800 $202,300 Insurance expense** 950 950 950 Depreciation expense 2,150 2,150 2,150 Property tax expense*** 530 530 530 *of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month **Insurance expense is $950 a month; however, the insurance is paid four times yearly in the first month of the quarter, i.e., January, April, July, and October). ***Property tax is paid once a year in November The cash payments expected for Finch Company in the month of May are a. $186,450 b. $38,850 C. $225,300 d. $147,600