Schedule of payments for a service company Horten Penal toe, was organised on February 26. Frojected testing and administrative expenses for each of the first three months of operations are as follows: March $177,900 April 165,400 May 150,500 Depreciation, insurance, and property taxes represent $38,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be in 60% 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 whedule of cash payments for and administrative expenses for March April, and May. Horizon Financial Inc. Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31 March April May March expenses Paid in March Padi April April expenses Paid in Art Paid in May May expenses Paid in May Total cash payments