Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $158,000 $197,000 $220,000 Insurance expense (2) 960 960 960 Depreciation expense 2,000 2,000 2,000 Property tax expense (3) 470 470 470 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. (2) Insurance expense is $960 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October). (3) Property tax is paid once a year in November. The cash payments for Finch Company expected in the month of June are? a.$49,250b.$214,250c.$165,000d.$263,500