Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $197,900 830 Insurance expense (2) $156,800 830 2,020 420 $219,000 830 2,020 420| Depreciation expense 2,020 420 Property tax expense (3) (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 $830 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 a. $138,445 b. $117,600 c. $156,800 Od. $120,090