Part B (8 marks) Minor Landscaping Company Bhd KL is preparing its budget for the first quarter of 2013. 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 provided, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2012 and expected service revenues for 2013 are: November 2012, RM120,000; 2013, RM160,000; March 2013, RM170,000. December 2012,RMI 10,000, January 2013, RM 140,000, February Purchases on landscaping supplies (direct materials) are paid 40% in the month of purchase and 60% the following month. Actual purchases for 2012 and expected purchases for 2013 are: December 2012, RM21,000; January 2013, RM20,000; February 2013, RM22,000; March 2013, RM27,000. Required: Prepare the following schedules for each month in the first quarter of 2013 and for the quarter in total: (1) Expected collections from clients, (4.5 marks) (2) Expected payments for landscaping supplies.(3.5 marks) Continued