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 $30,000. The budgeted expenses for the next three months are as follows: January February March Salaries $69,000 $84,000 $93,000 Utilities 5,700 6,300 7,500 Other operating expenses 53,100 57,900 63,700 Total $127,800 $148,200 $164,200 Other operating expenses include $3,800 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid 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. 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 30,000 Payments of current month's expense Total cash payments