Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:

Line Item Description	April	May	June
Manufacturing costs*	$157,500	$195,600	$204,800
Insurance expense**	1,190	1,190	1,190
Depreciation expense	1,950	1,950	1,950
Property tax expense***	420	420	420

*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. $121,695

b. $157,500

c. $118,125

d. $139,598