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 first three months of operations are as follows: Depreciation, insurance, and property taxes represent $30,000 of the estimated monthly expenses, The annuat insurance premium was paid on Februsry 28 , and property taxes for the year wil be paid in June. 59% of the remainder of the expenses are expected to be paid in the month in which they are ancurred, with the balance to be paid in the foliowing month. Depreciation, insurance, and propeity taxes represent $30,000 of the estimated monthly expenses, The annual irisurance premium was. paid on february 28 , and property taxes for the year will be paid in lune. 59% 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 indicating cash payments for selting and administrative expenses for March, April, and May. Oakwood financial Inc. Schedule of Castr Payments for Selline and Administrative Expenses