Prepare schedules for cash receipts and cash payments, and determine the ending balances for the relevant balance sheet accounts. E10.30 (LO 4 5) Environmental Landscaping Inc. is preparing its budget for the first quarter of 2022 . The next step is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected: 1. Clients usually pay 50% of their fee in the month when the service is provided, 40% the next month, and 10% in the second month after receiving the service. 2. Actual service revenues for 2021 and expected service revenues for 2022 are as follows: November 2021,$90,000; December 2021, \$70,000; January 2022, \$110,000; February 2022, \$120,000; and March 2022, \$130,000. 3. The company pays for purchases of landscaping supplies (direct materials) 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, \$15,000; and March 2022, $20,000. Instructions a. Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total: (1) expected collections from clients, and (2) expected payments for landscaping supplies. b. Determine the following balances at March 31, 2022: (1) accounts receivable, and (2) accounts payable