Schedule of Cash Payments
Shakti Power Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows:
March
$68,000
April
77,000
May
88,000
Depreciation, insurance, and property taxes represent $5,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.m