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 $29,200. The budgeted expenses for the next three months are as follows: March January February Salaries $67,200 $81,800 $90,500 5,500 6,100 7,300 Utilities Other operating expenses 51,700 56,400 62,000 $124,400 $144,300 $159,800 Total Other operating expenses include $3,600 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, 70% 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 anu February March Payments of prior month's expense 29,200v Payments of current month's expense Total cash payments Feedback Check My Work Calculate cash payments in January, February, and March. Learning Objective 5