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Homework: Week Five Exercises Chapter Question 8, E22-27 (similar to) HW Score: 58.79%, 5.88 of 10 points Part 1 of 3 Points: 0.5 of 1 Save Maynard Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Maynard for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (Assume the con started operations in January. If an input field is not used in the table leave the input field empty; do not enter a zero.) Data table January February March Total Cash Payments January February March Direct Materials: Direct materials purchases 3,400 $ 4,300 $ 4,900 Accounts Payable balance, January 1 Direct labor costs 2,600 3,900 3,800 January-Direct material purchases paid in February Depreciation on plant 500 500 500 February-Direct material purchases paid in March Utilities for plant 450 450 450 Total payments for direct materials Property taxes on plant 200 200 200 Depreciation on office 150 150 150 Direct Labor: Utilities for office 250 250 250 Total payments for direct labor Property taxes on office 130 130 130 Office salaries 5.500 5,500 5,500 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Help me solve this Demodocs example Get more help