Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of aperations are as follows: March $155.900 April 143,100 May 130,200 Depreciation insurance and property taxes represent $33,000 of the estimated monthly expenses. The annual insurance premium was paid on February 26, and property tases for the year will be June, 64% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. Prepare a schedule of cash payments for selling and administrative expenses for March April, and May Horizon Financial Inc. Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31 March April May March expenses Pad in March Paid in ord April Paid in April Did in May Stay expenses Paid in any Total cash payments D