Schedule of Cash Payments for a Service Company Oakwood Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the Depreciation, insurance, and property taxes represent $26,000 of the estimated monthly expenses. The annual insur following month. Prepare a schedule indicating cash payments for selling and administrative expenses for March, April, and May. e. 62% of the remainder of the expenses are expected to be paid in the month in which they are incurred d, with the balance to be paid in the following month