Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $156,600 $196,600 $219,100 Insurance expense" 1,070 1,070 1,070 Depreciation expense 1,890 1,890 1,890 Property tax expense*** 550 550 550 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 $1,070 a month; however, the insurance is paid four times yearly in the first month of the quarter, (1.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 April are OOOO a. $138,630 b. $156,600 C. $117.450 d. $120,660 8