Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:

	April	May	June
Manufacturing costs*	$159,000	$194,600	$202,700
Insurance expense**	840	840	840
Depreciation expense	1,840	1,840	1,840
Property tax expense***	460	460	460

* 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 $840 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.$121,770

b.$119,250

c.$159,000

d.$140,385