Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: (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 $970 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 May are a. $226,750 b. $187,550 c. $148,350 d. $39,200