Exercise 193 Minor Landscaping Company is 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 and the flowing information has been Centruly pay of the fire in the more that service is provided, 30% the monter and the second mother receiving Actual service revenue for 2016 and expected service revenues for 2017 are: November 2016, $120.000; December 2016, $110.000: January 2017. $140,000; February 2017. $160,000; March 2017. $170.000 Purchases on landscaping supplies (direct materials) are paid in the month of purchase and on the following Actual purchases for 2016 and expected purchases for 2017 are: December 2016, 121,000 January 2017 $20.000; February 2017 522,000, March 2017, 527,000 Prepare a schedules of expected collections m ents for each o the r of 2017 and for the quarters Schedule of Expected Collections From Clients For the Quarter Ending March 31, 2017 January February Prepare a schedules of expected payments for landscaping supplies for each month in the first quarter of 2017 and for the quarter in total: MINOR LANDSCAPING COMPANY Schedule of Expected Payments for Landscaping Supplies For the Quarter Ending March 31, 2017 January February March Quarter December January February March Total payments Determine the account receivable balances at March 31, 2017: Accounts Receivables Determine the account payable balances at March 31, 2017: Accounts Payables