Horizon Financial Inc. was organized on February $28.$ Projected selling and administrative expenses for each of the first three months of operations are as follows:

Month Amount

March $$170,400$

April $158,500$

May $144,200$

Depreciation, insurance, and property taxes represent $$36,000$ of the estimated monthly expenses. The annual insurance premium was paid on February $28,$ and property taxes for the year will be paid in June. Of the remainder of the expenses, $61\%$ are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.

Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May.