Old mpany EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January-March). The Accrued Expenses Payable balance on January 1 is $34,700. The budgeted expenses for the next three months are as follows: January February March Salaries $79,800 $97,200 $107,600 Utilities 6,600 7,300 8,700 Other operating expenses 60,600 66,100 72,700 Total $147,000 $170,600 $189,000 Other operating expenses include $4,400 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 75% 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. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 January February Payments of prior month's expense $ Payments of current month's expense Total cash payments March 34,700 97,200 X 5