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	$53,400
April	65,200
May	69,900

Depreciation, insurance, and property taxes represent $10,000 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, 60% 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.

Line Item Description	March	April	May
March expenses:
Paid in March	$Paid in March
Paid in April		$Paid in April
April expenses:
Paid in April		Paid in April
Paid in May			$Paid in May
May expenses:
Paid in May			Paid in May
Total cash payments	$Total cash payments	$Total cash payments	$Total cash payments