The Oasis Hotel is planning its cash payments for operations for the fourth quarter (October-December), 2003. The Accrued Expenses Payable balance on October 1 is \($136,000.\) The budgeted expenses for the next three months are as follows:

Other operating expenses include \($36,000\) of monthly depreciation expense and \($3,000\) of monthly insurance expense that was prepaid for the year on March 1 of the current year. Of the remaining expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on October 1 relates to the expenses incurred in September.

Prepare a schedule of cash payments for operations for October, November, and December.

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October November December Salaries $365,000 $403,400 $326,000 Utilities 21,000 24,000 20,000 Other operating expenses 123,400 132,500 100,800 Total $509,400 $559,900 $446,800