Exercise 10.30 a-b 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: Clients usually pay 50% of their fee in the month when the service is provided, 40% the next month, and 10% in the second months after receiving the service Actual service revenues for 2019 and expected service revenues for 2020 are as follows: November 2019, 190,000; December 2019, 569,000: January 2020, $111.000 February 2020, $119.000 and March 2020. $129,000. The company pays for purchases of landscaping supplies (direct material) 6096 in the month of purchase and 40% the following months. Actual purchases for 2010 and expected purchased for 2020 are: December 2019. 513,000 January 2020 $13,000; February 2020. 515.000; and March 2020. 120,000 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, ENVIRONMENTAL LANDSCAPING INC. For the Quarter Ending March 31, 2020 January February March Quarter Novober $ December Saruary February G Search e 3 1 539 PM d FNE PRINT (2) Schedule of expected payments for landscaping supplies. RESOURCES OB 32:24 SAS ENVIRONMENTAL LANDSCAPING INC. For the Quarter Ending March 31, 2020 January February March Quarter December Te ats by Study January February March Total payments 5 LINK TO TEXT LINK TO TEXT Determine the following balances at March 31, 2020 LINK TO TEXT LINK TO TEXT Determine the following balances at March 31, 2020. Accounts receivable Accounts payable LINK TO TEXT LINK TO TEXT