Schedule of Cash Payments for a Service Company SafeMark Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three month of operations are as follows: March $129,800 April 123,300 May 112,200 Depreciation, insurance, and property taxes represent $28,000 of the estimated monthly expenses. The annual insurance premium was paid on February 26, and property taxes for the year will be paid in June. 70% 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 selling and administrative expenses for March April, and May.