Schedule of cash payments for a service companyHorizon Financial Inc. was organized on February $28.$ Projected selling and administrative expenses for each of the first three months of operations are as follows:March$$116,600$April$107,300$May$97,600$Depreciation, insurance, and property taxes represent $$24,000$ 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. Of the remainder of the expenses, $59\%$ 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 of cash payments for selling and administrative expenses for March, April, and May.