Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 20. Projected selling and administrative expenses for each of the first three months of operations are as follows: March 5170,200 April 156,500 May 142.500 Deprecation Insurance and property taxes represent $36,000 of the estimated monthly expenses. The annual insurance premium was Dald on February 28, and property taxes for the year will be paid in un 65% of the remainder of the expenses are expected to be paid in the month in which they are locurred with the balance to be paid in the following month Prepare a schedule of cash payments for selling and administrative penses for March April, and May. Excel Learning Systems Inc Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31 March April May Paid in March podin April Paid in Aril Paid in May Hay expenses Paldin Hay 00 [ 00 Total cash payment