Indigo Landscaping Company is preparing its budget for the rst quarter of 2022. The next step in the budgeting process is to prepare cash receipts and cash payments schedules. To that end the fol lowing information has been collected. Clients usually pay 60% of their fee in the month that service is provided, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 202 1 and expected service revenues for 2022 are: November 202 1, $130,000; December 2021, $103,000; January 2022, $142,000; February 2022, $160,000; March 2022, $175,000. Purchases of landscaping supplies are paid 40% in the month of purchase and 60% the fol lowing month. Actual purchases for 2021 and expected purchases for 2022 are: December 2021, $21,400; January 2022, $19,500; February 2022, $22,100; March 2022, $27,100.