Sheridan Landwcaping lnc bipreparine its budget for the first quarter of 2022. The net step in the tudgeting process is to prepare a cashreceipts schedule and a carh payments schedule. To that end, the following ieformation has been collected. Clients usually par tox of theit tee in the month that service is pertormed, 30x the month atter, and 10x the second month atter receiving service. Actial service revenue for 2021 and expected service revenues fer 2022 are November 2021, $91,200; December 2021, $102,600, 1a andary 2022,$114,000, February 2022,$136,800; and March 2022, 5159,600 Purchases of landicapine wpplier ladirect materiak) arepald 605 in the month of purchase and 408 the following month. Actual purchases for 2021 and expocted purchases for 2022 are: Dectriber 2021,515,860, lawary 2022,513,690, February 2022,517,100, and March 2022,520,520. (a) SHERIDANLANDSCAPING INC. Schedule of Expected Collections From Clients November December January February March Total collections: $ (2) Expected payments for landscaping supplies. Determine the following balances at March 31,2022 : (1) Accounts receivable $ (2) Accounts payable