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Homework: Week Five Exercises Chapter Question 8, E22-27 (similar to) HW Score: 30%, 3 of 10 points & Part 1 of 3 Points: 0 of 1 Save Maynard Company has the following projected costs for manufacturing and selling and administrative expenses: TE (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 company started operations in January. If an input field is not used in the table leave the input field empty; do not enter a zero.) January February March Total - X Cash Payments Data table Direct Materials: Accounts Payable balance, January 1 January February March January-Direct material purchases paid in February Direct materials purchases 3,900 $ 4,400 $ 4,500 February-Direct material purchases paid in March Direct labor costs 3,400 3,800 3,900 Total payments for direct materials Depreciation on plant 550 550 550 Utilities for plant 450 450 450 Direct Labor: Property taxes on plant 150 150 150 250 250 Total payments for direct labor Depreciation on office 250 Utilities for office 320 320 320 Property taxes on office 160 160 160 Office salaries 3,500 3,500 3,500 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 Help me solve this Demodocs example Get more help Utilities Payable accounts have a zero balance on January 1. ver MacBook Pro