WO - C.S. Lewis Question 21 Finch Company began its operations on March 31 of the current year. Finch Co. has the following: Projected costs: April May June Manufacturing costs (1) P156.800 P195.200 P217.600 Insurance expense (2) 1.000 1.000 1.000 Depreciation expense 2.000 2.000 2.000 Property tax expense (3) 500 500 500 (1) 3/4 of the manufacturing costs are paid for in the month they are incurred. 1/4 is paid in the following month (2) Insurance expense is P1.000 a month, however the insurance is paid four times yearly in the first month of the quarter. i.e. January, April, July, (3) Property tax is paid once a year in November. The cash payments for Finch Company in the month of May would be P