Exercise 24-18 Green Landscaping Inc. is preparing its budget for the first quarter of 2020. 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 their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service Actual service revenue for 2019 and expected service revenues for 2020 are November 2019, $93,440; December 2019, $81,770; January 2020, $104,640; February 2020, $121.140; and March 2020, $131,370. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are December 2019, $17,180, January 2020, $13,590; February 2020, 516,670; and March 2020, $19,730. Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total: (1) Expected collections from clients, GREEN LANDSCAPING INC. Schedule of Expected Collections From Clients For the Quarter Ending March 31, 2020 February March Quarter November December January February