Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs* Insurance expense** $158,000 $192,100 $203,000 1,190 1,190 1,190 Depreciation expense 1,870 1,870 1,870 Property tax expense*** 490 490 490 * 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 $1,190 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. $122,070 b. $158,000 c. $140,035 d. $118,500