Question 1 step in the budgeting process is to prepare a cash receipts Green Landscaping Inc. is preparing its budget for the first quarter of 2017. The next schedule and a cash payments schedule. To that end the following Information has been collected. 30% the month after, and 10% the second eeth ana merno cents usually pay 60% of their fee in the month that service is performed. 2016, $82,800; January revenue for 2016 and expected service revenues for 2017 are November 2016, $94,060; December 2017, $102,130; February 2017, $122,810; March 2017, $133,630. supplies(direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases March 2017, $19,770. 2016 and expected purchases for 2017 are December 2016, $16,500; January 2017, $15,5s0; February 2017, $16,970, schedules for each month in the first quarter of 2017 and for the quarter in total Prepare the following (1) Expected collections from clients. GREEN LANDSCAPING INC Schedule of Expected Collections From Clients March March Total collections $ (2) Expected payments for landscaping supplies GREEN LANDSCAPING INC Schedule of Expected Payments for Landscaping Supplies February March January February March Total payments s Determine the following balances at March 31, 2017 (1) Accounts receivable s (2) Accounts payable