View Policies Current Attempt in Progress Environmental Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected: 1. Clients usually pay 50% of their fee in the month when the service is provided, 40% the next month, and 10% in the second month after receiving the service. 2. 3. Actual service revenues for 2019 and expected service revenues for 2020 are as follows: November 2019, $89,000; December 2019, $71,000; January 2020, $112,000; February 2020, $122,000; and March 2020, $132,000. The company pays for purchases of landscaping supplies (direct materials) 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are: December 2019, $15,000: January 2020, $12,000; February 2020, $15,000; and March 2020, $20.000. Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total. (1) Schedule of expected collections from clients.