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Oriole Landscaping inc is preparingits budget for the first quarter of 2022 . The nect step is to prepare a cash receipts schedule and a

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Oriole Landscaping inc is preparingits budget for the first quarter of 2022 . The nect step is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected: 1. Clients usually pry s0ss of their fee in the month when the service is provided, 40% the nea month, and 10% in the second month after recetving the service. 2. Actual service revenues for 2021 and expected service revenues for 2022 are as follows: November 2021, $92,000, December 2021, 570,000 , January 2022, \$112,000, February 2022, \$122.000, and March 2022.\$128,000. 3. The company pays for purchases of landscaping supplies (direct material:) 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,\$13,000, February 2022, \$14,000, and March 2022,\$21,000 Prepare the following schedules for each month in the firat quarter of 2022 and for the quarter in total. (1) Schedule of expected collections from clients. 12) Schedele of expected payexents for landicapene supplies. Determine the following batances at March a1 2022

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