The document outlines projected costs for Graham Company related to manufacturing, selling, and administrative expenses for the first quarter. It requires the preparation of a schedule of cash payments for January, February, and March, as well as the determination of balances for prepaid property taxes, accounts payable, and utilities payable by March 31. Key payment terms include that direct materials are paid in the following month, utilities in the month after incurred, and property taxes are prepaid for the year on January 2.

1. Graham Company has the following projected costs for manufacturing and selling and
adrministrative expenses: IHA (Cick the icon to view the projected costs) Prepare a schedule of
cast paymoats for Graham for January. Fabruary, and March. Determine the balances in Prepaid
Property Taxas. Accounts Payable, and Utizies Payable as of Mareh 31. (Assume the compary
started operations in danuary. If an input feld is not used in the table inave the input field empty;
do not enter a tero.)Data table 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.