Current Attempt in Progress

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

cash payments schedule. The following information has been collected:

Clients usually pay $50\%$ of their fee in the month when the service is provided, $40\%$ the next month, and $10\%$ in the second

month after receiving the service.

Actual service revenues for $2021$ and expected service revenues for $2022$ are as follows: November $2021,$$$92,000$;

December $2021,$ $$70,000$; January $2022,$ $$112,000$; February $2022,$ $$122,000$; and March $2022,$ $$128,000.$

The company pays for purchases of landscaping supplies $($direct materials$)60\%$ in the month of purchase and $40\%$ the

following month. Actual purchases for $2021$ and expected purchases for $2022$ are: December $2021,$ $$14,000$; January

$2022,$$$13,000$; February $2022,$ $$14,000$; and March $2022,$ $$21,000.$

Prepare the following schedules for each month in the first quarter of $2022$ and for the quarter in total.

$(1)$ Schedule of expected collections from clients.