Environmental Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected: 1. 2 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 2019 and expected service revenues for 2020 are as follows: November 2019,891.000; December 2019,572,000, January 2020, 112.000; February 2020, 121.000; and March 2020.8133,000. The company pays for purchases of landscaping supplies (direct materials) 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are: December 2019.513,000, January 2020, $14,000; February 2020, $13.000; and March 2020, $22.000 3 Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total (1) Schedule of expected collections from clients. ITALIAMINGCARICIAN estion 4 of 4 -/3 (1) Schedule of expected collections from clients, ENVIRONMENTAL LANDSCAPING INC. For the Quarter Ending March 31, 2020 February January March November December January February March $ $ Total collections ASUS ZenBook V https://education wiley.com/ws/1/2/assessment-player/index.html?launchid-boda02d-1dfe-4764-ache 9 2021 Lab #8 Question 4 of 4 - 13 E (1) Schedule of expected collections from clients. GINC. ENVIRONMENTAL LANDSCAPING I For the Quarter Ending March 31, 2020 February January March Quarter $ $ $ ASUS ZenBook - podn proc (2) Schedule of expected payments for landscaping supplies ENVIRONMENTAL LANDSCAPING INC. For the Quarter Ending March 31, 2020 February January March $ $ $ December January February March $ $ $ Total payments (2) Schedule of expected payments for landscaping supplies. ENVIRONMENTAL LANDSCAPING INC. For the Quarter Ending March 31, 2020 January February March Quarter I $ $ ZenBook TexLUJUUK dnu veuia Question Part Score Determine the following balances at March 31, 2020. $ Accounts receivable $ Accounts payable e Textbook and Media