CALCULATOR PRINTER VERSION BACK NEXT Exercise 9-18 Green Landscaping Inc. is preparing its budget for the first quarter of 2017. 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 2016 and expected service revenues for 2017 are November 2016, $93,660; December 2016, $82,580; January 2017, $104,570; February 2017, $124,710; March 2017. $133,440. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2016 and expected purchases for 2017 are December 2016, $17.570; January 2017, $16,320; February 2017, $17,320; March 2017, $22,350. Prepare the following schedules for each month in the first quarter of 2017 and for the quarter in total: (1) Expected collections from dients. REEN LANDSCAPING INC