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Sheffield Landscaping Company is preparing its budget for the first quarter of 2 0 2 7 . The next step in the budgeting process is

Sheffield Landscaping Company is preparing its budget for the first quarter of 2027. The next step in the budgeting process is to prepare cash receipts and cash payments schedules. 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 2026 and expected service revenues for 2027 are: November 2026,$120,000; December 2026, $109,000; January 2027, $143,000; February 2027, $157,000; March 2027, $180,000.
Purchases of landscaping supplies are paid 30% in the month of purchase and 70% the following month. Actual purchases for 2026 and expected purchases for 2027 are: December 2026, $21,300; January 2027, $19,700; February 2027, $23,100; March 2027, $27,400.
(a1)
Prepare a schedules of expected collections from clients for each month in the first quarter of 2027 and for the quarter in total. (Do not leave any answer field blank. Enter 0 for amounts.)
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