What is total cash payments? I keep getting it wrong after adding in depreciation?

Harrys Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mr. Wilson, the banker, will finance construction if the firm can present an acceptable three-month financial plan for January through March. The following are actual and forecast sales figures: Actual Forecast Additional Information November $300,000 January $380,000 April forecast $390,000 December 320,000 February 420,000 March 400,000 Of the firms sales, 50 percent are for cash and the remaining 50 percent are on credit. Of credit sales, 35 percent are paid in the month after sale and 65 percent are paid in the second month after the sale. Materials cost 30 percent of sales and are purchased and received each month in an amount sufficient to cover the following months expected sales. Materials are paid for in the month after they are received. Labor expense is 40 percent of sales and is paid for in the month of sales. Selling and administrative expense is 15 percent of sales and is paid in the month of sales. Overhead expense is $30,500 in cash per month. Depreciation expense is $10,500 per month. Taxes of $8,500 will be paid in January, and dividends of $4,500 will be paid in March. Cash at the beginning of January is $90,000, and the minimum desired cash balance is $85,000. c. Prepare a monthly cash budget with borrowings and repayments for January, February, and March. (Negative amounts should be indicated by a minus sign. Assume the January beginning loan balance is $0.)

No nalty s vall your stores March $ Payments for purchases Labor expense Selling and administrative Overhead Cash Payments Schedule January February $ 114,000 $ 126,000 152,000 168,000 57,000 63,000 30,500 30,500 8,500 0 120,000 160,000 60,000 30,500 Taxes 0 Dividends 0 0 4,500 375,000 Total cash payments $ 362,000 $ 387,500 $ c. Prepare a monthly cash budget with borrowings and repayments for January, February, and March. (Negative amounts should be indicated by a minus sign. Assume the January beginning loan balance is $0.) Harry's Carryout Stores Cash Budget January February $ 343,500 $ 380,500 March $ 397,000 Total cash receipts Total cash payments Net cash flow 343,500 90,000 380,500 85,000 465,500 397,000 85,000 Beginning cash balance Cumulative cash balance 433,500 482,000 Monthly loan (or repayment) Ending cash balance Cumulative loan balance 433,500 465,500 482,000