Exercise 9-18 Green Landscaping Inc. 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 end the following information has been collected. Clients usually pay 6O% of their fee in the month that service is performed, 3O% 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, $93,440; December 2016, $81,770; January 2017, $104,640; February 2017, $121,140; March 2017, S131,370. Purchases of landscaping supplies (direct materials) are paid 6O% in the month of purchase and 4O% the following month. Actual purchases for 2016 and expected purchases for 2017 are December 2016, $17,180; January 2017, $13,590; February 2017, $16,670; March 2017, $19,730. (a) Prepare the following schedules for each month in the first quarter of 2017 and for the quarter in total: (1) Expected collections from clients