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Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year.

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Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: June April $158,700 May. $195,600 960 $209,300 960 960 Manufacturing costs (1) Insurance expense (2) Depreciation expense Property tax expense (3) 1,930 1,930 1,930 510 510 510 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the following month. (2) Insurance expense is $960 a month; however, the insurance is paid four times yearly, in the first month of the quarter (i.e., January, April, July, and October). (3) Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are Oa. $119,025 Ob. $158,700 c. $121,905 Od. $140,303

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