Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $155,600 $199,200 $209,700 Insurance expense (2) 830 830 830 Depreciation expense 1,940 1,940 1,940 Property tax expense (3) 600 600 600 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for 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. $119,190 b. $137,395 c. $155,600 d. $116,700