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Blossom Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step is to prepare a cash receipts schedule and acash

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Blossom Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step is to prepare a cash receipts schedule and acash payments schedule. The following information has been collected: 1. Clients usually pay 50% of their fee in the month when the service is provided. 40% the next month, and 10% in the second monthafter receiving the service. 2. Actual service revenues for 2021 and expected service revenues for 2022 are as follows: November 2021, 590,000 ; December 2021,\$69,000; January 2022.\$111,000. Februarv 2022.\$117,000 and March 2022, \$130,000. 3. The company osrs foc purchases of landscaping supplies (direct materials) 60% in the month of purchase and 40% the following month. Actuat puechases for 2021 and expected purchases for 2022 are: December 2021,\$12,000, January 2022, \$12,000, February 2022, \$14,000; and March 2022, \$21,000. (1) Schedule of expected collections from clients. (2) Schedule of expected payments for landscaping supplies. Determine the following balances at March 31. 2022

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