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 $31,100. The budgeted expenses for the next three months are as follows: January February March Salaries $71,500 $87,100 $96,400 Utilities 5,900 6,500 7,800 Other operating expenses 54,300 59,200 65,200 Total $131,700 $152,800 $169,400 Other operating expenses include $3,900 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. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 January February March Payments of prior month's expense 31,100 $ 44,415 51,800 X Payments of current month's expense 82,485 96,200 X 106,990 X 113,585 Total cash payments 140,615 158,790 X