Schedule of cash payments for a service company Horizon Financial tnci. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows: Depreciation, insurance, and property taxes represent $20,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28 , and propert) taxes for the year will be paid in June. Of the remeinder of the expenses, 66% are expected to be poid in the month in which they are incurred, with the baiance to be paid in the following month. Prepare a schedule of cash psyments for selling and administrative expenses for March, April, and May