Green Landscaping Inc is preparing its budget for the first quarter of 2020. The next step in the budgeting proce receipts schedule and a cash payments schedule To that end the following information! Clients usually pay 60% of their fee in the month that service is performed 30% the month after and receiving service after Actual service revenue for 2019 and expected service revenues for 2020 are November 2019 $94.350 Ocember 2019. $64.980 January 2020, $103.740 February 2020. $123.390 and March 2020 $134.200 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 2019.115.280 January 2020 $15.900 February 2020 $1,070 and March 2020. $20.860 (a) Prepare the following schedules for each month in the first quarter of 2020 and for the quarterial (1) Expected collections from clients GREEN LANDSCAPING INC. Schedule of Expected Collections From Clients January February November $ S December January February March Total 3 collections Quart March (2) Expected payments for landscaping supplies GREEN LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January December $ January February March Total payments $ Determine the following balances at March 31, 2020 (1) Accounts receivable (2) Accounts payable $ February March 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. $94,350; December 2019. $84,980; January 2020, $103,740; February 2020. $123,390; and March 2020, $134,200. 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, $15,280; January 2020, $15,900; February 2020, $16,070: and March 2020, $20,860. (a)