Question 1 Minor Landscaping Company is preparing its budget for the first quarter of 2017. 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 ual service revenue for 2016 and expected service revenues for 2017 are: November 2016, $120,000; December 2016, 110,000; January 2017, 140,000; February 2017, $160,000; March 2017, $170, ases on landscaping supplies direct materials are paid 40% in the month of purchase and 60% the following month. Actual purchases for 2016 and expected purchases for 2017 are: December 2016, $21,000; Janu 2017, $20,000; February 2017, $22,000; March 2017, $27,000 ? (a1) Your answer is correct. Prepare a schedules of expected collections from clients for each month in the first quarter of 2017 and for the quarter in total MINOR LANDSCAPING COMPANY Schedule of Expected Collections From Clients For the Quarter Ending March 31, 2017 February anuary March Quarter 12000 33000 11000 94000 42000 14000 140000 Februany 96000 48000 March 102000 Total collections 129000 49000 64000 LINK TO TEXT LINK TO TEXT