Exercise 9-18 Green Landscaping Inc. is preparing its budget for the frst quarter of 2020. The next step in the budgeting process is to prepare a cash recelpts schedule and a cash payments schedule. To that end the following inforroation has been collected cents usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after recening service Actual service revenue for 2019 and expected service revenues for 2020 are November 2019, $93,620; December 2019, $83,630; January 2020, $102,120; February 2020, $123,950; and March 2020, $133,630. Purchases of landscaping supo es direct matenals are paid 60% in the month of prchase and 40% the wing ma t Act al p eases for 2019 rdep ded pure Hr emo a ran- 2019, $16,410; January 2020, $13,540; February 2020, $18,970; and March 2020, $23,1s0 Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total (1) Expected collections from dlients Schedule of Expected Collections From Clients anuary December erbeacx bolicY2000-2011 3ohn.Wley &Sonss All Rights Reserved. A Division or 3 4 5 6 7 8 9