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Schedule of Cash Payments Shakti Power Inc. was organized on February 28 . Projected selling and administrative expenses for each of the first three months

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Schedule of Cash Payments Shakti Power 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 $28,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year wil be paid in November. 69% of the remainder of the expenses are expected to be pald 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 seling and administrative expenses for March, April, and May. Enter all amounts as positive numbers. Depreciation, insurance, and property taxes represent $28,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year wil be paid in November. 69% 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. Enter all amounts as positive

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