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 operations are as follows: March $155,300 April 146,000 May 132.900 Depreciation, insurance, and property taxes represent 533,000 of the estimated monthly expemes. The annual murano premium was paid on February 28, and property taxes for the year will be paid in June 62% 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 Excel Learning Systems Inc. Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31 March April May March experts Paid in March Paid in April April expenses Paid in April Paid in May May Expres Paid in May 8 Totalcash payments