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Shakti Power inc. was organized on February 28. Projected seliling and administrative expenses for each of the first three months of operations are as folld

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Shakti Power inc. was organized on February 28. Projected seliling and administrative expenses for each of the first three months of operations are as folld Depreciation, insurance, and property taxes represent $32,000 of the estimoted monthly expenses. The annual insurance premium was pald on February 2. and property taxes for the year will be paid in November. 71% of the remainder of the expenses are expected to be pold in the month in which they are incurred, with the batance to be poid in the following month. and property toxes for the year will be paid in November. 71% 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. Prepore a schedule indicating cash payments for seling and odministrative expenses for March, April, and May. Enter all amounts as positive numbers

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