March May Horizon Financial Inc. was organized on February 28. Projected selling and administrative expanset for each of the first three months of operations are as follows: $154,500 April 145,200 132.100 Depreciation, Insurance, and property taxes represent 533,000 of the estimated monthly expenses. The annual Insurance premium was peld on February 28, and property taxes for the year will be paid in June 59% of the remainder of the expenses 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 calling and administrative expenses for March Apni, and May Excel Learning Systems Inc. Schedule of Cash Payments for selling and Administrative Expenses For the Three Months Ending May 31 March April May March expenses Paid in March Pald in April April expenses Paid in April 4 Paid in May May expenses: Paid in May doo o Total cash payments