Ivanhoe Landscaping Inc. is preparing its budget for the first quarter of 2022. 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 2021 and expected service revenues for 2022 are November 2021, $86,400; December 2021, $97,200; January 2022, $108,000; February 2022, $129,600; and March 2022, $151,200. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2021 and expected purchases for 2022 are December 2021, $15,400; January 2022, $12,400; February 2022, $16,200; and March 2022, $20,000. (a) Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total: (1) Expected collections from clients. (1) Expected collections from clients. IVANHOE LANDSCAPING INC. Schedule of Expected Collections From Clients For the Quarter Ending March 31, 2022 January February March November $ $ $ December January February March Total collections $ $ PING INC. tions From Clients -ch 31, 2022 March Quarter $ $ $ $ (2) Expected payments for landscaping supplies. IVANHOE LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January February March Qua A December $ $ $ January February March Total payments $ $ $ $ Quarter $ $ (b) Determine the following balances at March 31, 2022: Accounts receivable ta (1 ) (2 ) Accounts payable $