Exercise 21-18 (Part Level Submission) Green Landscaping Inc. is preparing its budget for the first quarter of 2014. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end the following has been collected. information Clients usually pay 60% of their fee in the month that service is provided 309 the month after an 10% the second month after receiving service. Actual service revenue for 2013 and expected service revenues for 2014 are November 2013, $94,100; December 2013, $84,260; January 2014, $102,630; February 2014, $124,350; March 2014, $134,580 Purchases of andscaping supplies direct materials are paid 60% n the month of purchase and 40%, the follow ng month. Actual purchases or 2 and expected purchases or are December January 2014, $16,900; February 2014, $17,070; March 2014, $23,790 (a) Prepare the following schedules for each month in the first quarter of 2014 and for the quarter in total (1) Expected collections from clients. GREEN LANDSCAPING INC. Schedule of Expected Collections From Clients For the Quarter Ending March 31, 2014 Januar Februar March uarter November December January February March Total collections