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Green Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step in the budgeting process is to prepare a cash

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Green Landscaping Inc. is preparing its budget for the first quarter of 2022. 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 2021 and expected service revenues for 2022 are November 2021. $80,000, December 2021. $90,000; January 2022, $100,000, February 2022. $120,000; and March 2022, 9140,000 Purchases of tandscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2021 and expected purchases for 2022 are December 2021. $14,000; January 2022,512.000; February 2022,515.000; and March 2022, 518,000 (a) Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total; (1) Expected collections from clients. GREEN LANDSCAPING INC. Schedule of Expected Collections From Clients March Quarte January February $ November $ $ I December January February March Total collections 7:52 PM 1L22 GREEN LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January Quarte February March $ December I January February March $ $ Total payments $ Determine the following balances at March 31, 2022: (1) Accounts receivable $ (2) Accounts payable $ 5904

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