QUESTION 2 Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) Insurance expense (2) Depreciation expense included in manufacturing costs in Property tax expense (3) $156,800 1,000 4,000 $295,200 1,000 4,000 $217,600 1,000 4,000 500 500 500 1. Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. 2. Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October). 3. Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of May are O 256,600 O 255,100 O 258,100