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 menths of operatioes are as folloas Depreciation, insurance, and property taxes represent $31,000 of the estimated monthly expenses. The annual insurance premium was paid an February is, and property taxes for the year wils be paid in June. 73% of the remainder of the expenses are expected to be paid in the month in which they are incaured, with the 0atince to se zaif in the following month