Schedule at cosh parments for a service company Kortion Financial Inc. was organized on February 28: Projected seiling and administrative expenses for each of the first three months of operations are as follows: Oeprecation, inGurance, and property tases represeot $21,000 of the estimated monthly expenses. The annual insurance premium was pald on February 28, and proper taxes for the year will be paid in June. 73\% of the remainder of the expenses are expected to be pald in the month in which they are incurred, with the balance to be pa in the following month. Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May. Horizon Financial Inc. Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31