Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: Manufacturing costs* Insurance expense** Depreciation expense Property tax expense*** April May $155,300 $195,700 890 1,980 410 a. $119,145 b. $155,30 c. $137,2A d. $116,475 890 1,980 410 June $214,700 890 1,980 410 *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 $890 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 April are

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: *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 $890 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 April are a. $119,145 b. $155,3N c. $137,2A d. $116,475