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 $33,600. The budgeted expenses for the next three months are as follows: Other operating expenses include $4,200 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepald for the year on May 1 of the previous year, Of the remaining expenses, 80% 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