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 $26,300. The budgeted expenses for the next three months are as follows: Salaries Utilities Other operating expenses Total January February March $60,500 $73,600 $81,500 5,000 46,000 5,500 50,100 6,600 55,200 $111,500 $129,200 $143,300 Other operating expenses include $3,300 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 75% 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. Prepare a schedule of cash payments for operations for January, February, and March. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 Line Item Description January February March Payments of prior month's expense 104,400 Payments of current month's expense 1,850 31,275 34,800 Total cash payments