Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $156,200 $197,800 $202,800 Insurance expense (2) 850 850 850 Depreciation expense 1,850 1,850 1,850 Property tax expense (3) 520 520 520 (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 $850 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 expected for Finch Company in the month of April are $137,950 $117,150 $119,700 $156,200