Exercise 13-18 (Part Level Submission) Sheffield Landscaping Inc preparing its budget for the first quarter of 2017. 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 the fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service Actual service revenue for 2016 and expected service revenues for 2017 are November 2016, 593,450: December 2016, $84,870; January 2017, $109,910, February 2017, 1123,360; March 2017 $133,910 Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2016 and expected purchases for 2017 are December 2016, 519,810: January 2017, $16,440; February 2017, 518,390; March 2017 $21,630. Prepare the following schedules for each month in the first quarter of 2017 and for the quarter in total: (1) Expected collections from clients. SHEFFIELD LANDSCAPING INC. Schedule of Expected Collections From Clients January February March Quarter November 9345 $ $ December January February March Total collections