Schedule of cash payments for a service company 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 \$32,000. The budgeted expenses for the next three months are as follows: Other operating expenses indude 54,000 of manthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previous year of the remaing expenses, 70\%s are paid in the month in which they are incurred, with the remainder paid in the following month. The Accued Expenses Payable balance on January 1 relates to the expenses incurred in December