Schedule of cash payments for a service company Obj. 5 EX 21-20 EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter January-March). The Accrued Expenses Payable balance on January 1 is $15,000. The budgeted expenses for the next three months are as follows s JanuaryFebruary March 556,900 $ 610072.200 Salaries Utilities Other operating expenses 2,400 32,300 $91,600 2,600 41,500 $112,200 $ 72,200 2,500 44,700 $119,400 Total Other operating expenses include $3,000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remain- ing expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December