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

	April	May	June
Manufacturing costs*	$156,100	$192,700	$212,700
Insurance expense**	870	870	870
Depreciation expense	2,140	2,140	2,140
Property tax expense***	500	500	500

* 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 $870 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. $156,100

b. $119,685

c. $137,893

d. $117,075