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Coronado Landscaping Inc is preparing its budget for the first quarter of 2022 . The next step in the budgeting process is to prepare a

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Coronado Landscaping Inc is preparing its budget for the first quarter of 2022 . The next step in the budgeting process is to prepare a cashreceipts schedule and a cash payments schedule to that end, the following information has been collected. Chents usially pay 605 of their fee in the month that service is performed, 30% the month after, and 1085 the second month after receivingservice. Actual service revenue for 2021 and expected service revenues for 2022 ire November 2021,$73,000. December 2021, 582,800 ; January 2022,592,000: February 2022,5110,400:and March 2022, 5128,800. Purchases of landscaping supplies (direct miterials) are paid 60% in the monthof purchase and 400 the following month, Actual purchases for 2021 and expected purchases for 2022 are Deamber 2021, 112,880 , January 2022, \$1 1,040; February 2022, 513,800 : and March 2022,516,560 (a) Prepare the following schedules for each monthin the first quarter of 2022 and for the quarter in total: (1) Expected collections fromcients. (1) Expected collections from clients. Determine the following batances bt Marcti31.2022

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