Obj. 5 EXCH TEMPLATE EX 21-20 Schedule of cash payments for a service company fotal cash payments EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter in March, $113,740 January-March). The Accrued Expenses Payable balance on January 1 is $15,000. The budgeted expenses for the next three months are as follows: January February March Salaries $56,900 $ 68,100 $ 72,200 Utilities 2.400 2,600 2,500 Other operating expenses 32,300 41,500 44,700 $91,600 $112,200 $119,400 Other operating expenses include $3,000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remain- ing expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December Prepare a schedule of cash payments for operations for January, February, and March. Total