Vaughn Landscaping Inc. is preparing its budget for the first quarter of 2025. 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 2024 and expected service revenues for 2025 are November 2024, $78.400; December 2024, $88,200; January 2025, \$98,000; February 2025, \$117,600; and March 2025, \$137,200. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2024 and expected purchases for 2025 are December 2024, \$13.720: January 2025, \$11,760; February 2025, $14,700 : and March 2025,$17,640. (a) Prepare the following schedules for each month in the first quarter of 2025 and for the quarter in total: (1) Expected collections from clients: VAUGHNLANDSCAPING INC. Schedule of Expected Collections From Clients November $ December January February March Total collections VAUGHN LANDSCAPINGINC. Schedule of Expected Payments for Landscaping Supplies December $ lanuary February March Total. oayments: Determine the following balances at March 31, 2025: (1) Accounts receivable (2) Accounts payable