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 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 2016 and expected service revenues for 2017 are November 2016 S 40 60 December 2016. S 280 anuary 20m, so 3 February 207S-2 010: March 2017, S133,630 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, $16,500; January 2017, $15,550; February 2017, $16,970; March 2017, $19,770