Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: Manufacturing costs* Insurance expense** Depreciation expense Property tax expense*** April May June $156,800 $195,200 $217,600 1,000 1,000 1,000 2,000 500 2,000 500 2,000 500 *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $1,000 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) $120,600 $121,100 $122,600 d) $123 100