Instructions (a) Prepare a schedule of expected collections from custon Instru (a) Co (b) Pr (b) Prepare a schedule of expected payments for direct materials for Manch Prepre schahles for cash E23-18 Green Landscaping Inc. is preparing its budget for the first recetipts and cash paoments next step in the budgeting process is to prepare a cash receipts schedule ar of 20 and determine ending E23-2 medi mate 120 h -and a cash ments schedule. To that end the following information has been cas alanoes for balance sheet.e LO 4) Clients usually pay 60% of their fee in the month that service is perf. month after, and 10% the second month after receiving service. , 30% Actual service revenue for 2016 and expected service revenues for 2017 2016, $80,000; December 2016, $90,000; January 2017, $100,000. Eebe $120,000; and March 2017, $140,000. Instr Prep Purchases of landscaping supplies (direct materials) are paid 60% in purchase and 40% the following month. Actual purchases for 2016 and e moth chases for 2017 are December 2016, $14,000, January 2017, $12.000ed p expected February 2017, $15,000; and March 2017, $18,000. Instructions (a) Prep are the following schedules for each month in the first quarter of 2017 and quarter in total: (I) Expected collections from clients. (2) Expected payments for landscaping supplies. P2 fol (b) Determine the following balances at March 31, 2017: (1) Accounts receivable. (2) Accounts payable 2