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Question 4 of 4 -/25 INT Wiew Policies Current Attempt in Progress Blossom Landscaping Inc. is preparing its budget for the first quarter of 2022.

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Question 4 of 4 -/25 INT Wiew Policies Current Attempt in Progress Blossom Landscaping Inc. is preparing its budget for the first quarter of 2022. 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 performed, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2021 and expected service revenues for 2022 are November 2021. $99,200; December 2021, $111,600; January 2022, $124,000; February 2022 $148,800; and March 2022. $173,600. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2021 and expected purchases for 2022 are December 2021, $17,800; January 2022. $14,000; February 2022. $18.600; and March 2022. $23,200. (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. BLOSSOM LANDSCAPING INC. Schedule of Expected Collections From Clients March Quarte January February

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