Marigold Landscaping Company is preparing its budget for the first quarter of 2022. The next step in the budgeting process is to prepare cash receipts and cash payments schedules. To that end the following 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 Schedule of Expected Payments for Landscaping Supplies For the Quarter Ending March 31, 2022 V January February March December $ 14910 o 0 Actual service revenue for 2021 and expected service revenues for 2022 are: November 2021. $127.000: December 2021, $106,000. January 2022. $143.000 February 2022, $162.000: March 2022. $174.000 January 8090 14210 Purchases of landscaping supplies are paid 30% in the month of purchase and 70% the following month. Actual purchases for 2021 and expected purchases for 2022 are: December 2021, $21.300 January 2022, $20,300; February 2022 $22.500; March 2022 $26 OD February 0 6750 15750 March 0 0 0 9040 (1) Total payments 21000 $ 20960 $ 23790 Your answer has been saved. See score details after the due date Attempts: 1 of 1 used Prepare a schedules of expected collections from clients for each month in the first quarter of 2022 and for the quarter in total (Do not leave any answer field blank. Enter for amounts) (11) MARIGOLDLANDSCAPING COMPANY Schedule of Expected Collections From Clients For the Quarter Endin March 31, 2022 V Your answer has been saved. See score details after the due date January February March Determine the account receivable balances at March 31, 2022. November $ 12700 0 $ 0 December 31800 10600 Accounts Receivable $ 85800 D January 85800 42900 14300 Attempts: 1 of 1 used February D 97200 48600 March 0 0 104400 (62) Total collections $ 130300 $ 150700 167300 Determine the account payable balances at March 21, 2022. Accounts Payable $ Attempts: 1 of 1 used