Coronado Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end, the following information has been collected. Clients usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2021 and expected service revenues for 2022 are November 2021, $ 94,400; December 2021, $ 106,200; January 2022, $ 118,000; February 2022, $ 141,600; and March 2022, $ 165,200. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2021 and expected purchases for 2022 are December 2021, $ 16,520; January 2022, $ 14,160; February 2022, $ 17,700; and March 2022, $ 21,240. (a) Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total: (1) Expected collections from clients.

(2) Expected payments for landscaping supplies.

b) Determine the following balances at March 31, 2022:

(1)		Accounts receivable		$ enter a dollar amount
(2)		Accounts payable		$ enter a dollar amount