QUESTIONS Maverick Company began its operations on March 31 of the current year. Finch has the following projected costs: April $156,800 1,000 Manufacturing costs Insurance expense Depreciation expense Property taxexpense May $195,200 1.000 2.000 soo June $217,600 1.000 2,000 500 2000 500 *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.c., January, April, July, and October). ***Property tax is paid once a year in November The cash payments expected for Maverick Company in the month of May are a. $189,100 b. $149,900 c. $187,600 d. $185,600