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

	April	May	June
Manufacturing costs (1)	$156,000	$195,000	$205,000
Insurance expense (2)	1,000	1,000	1,000
Depreciation expense	2,140	2,140	2,140
Property tax expense (3)	480	480	480

(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 $1,000 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October). (3) Property tax is paid once a year in November. The cash payments for Finch Company expected in the month of June are

a.$153,750

b.$251,250

c.$202,500

d.$48,750