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) $156,800 $195,200 $217,600 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 $1,000 a month, however, the insurance is paid four times yearly in the first month of the quarter, i. e. january, april, july, and october. (3) property tax is paid once a year in november. the cash payments for finch company in the month of june are: