Schedule of Cash Payments for a Service Company SafeMark Financial Inc. was organized on February 28. Projected selling and administrative expenses for mich of the first three months of operations are as follows: March $175,700 April 165,200 May 150,00 Depreciation, insance, and property taxes represent $30,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in June 14% 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 the following month Prepare a schedule indicating cash payments for selling and administrative expenses for March April, and May. March $175,700 165.200 May 150,300 Deprecation, surance, and property taxes represent 538,000 of the estimated monthly expenses. The anal insurance premium was paid on February 28, and property taxes for the year will be paid une 74% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be in the following Prepare a scheduli indicating cash payments for selling and administrative expenses for March April, and May, Sale Mark Financial Inc. Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31 March April May March expenses Pald in March Paid in April Apnl expenses Paid in April Paid May May expenses Paid in May Total cash payments DOO