Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June $195,300 $213,600 Manufacturing costs (1) Insurance expense (2) $157,100 1,030 1,030 1,030 1,870 1,870 Depreciation expense Property tax expense (3) 1,870 530 530 530 (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 $1,030 a month; however, the insurance is paid four times yearly in the first month of the quarter, (le, 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 May are a $225,025 b. $185,750 c. 5146,475 d. 539.279