A company has 30% of its sales for cash and 70% of its sales on credit. All credit sales are fully collected in the first month after the sale. Budgeted sales are $63.000 for January, $87.000 for February, and $111,000 for March. December sales were $53,000. Prepare a schedule of cash receipts from sales for January, February, and March. Sales 87,000 % 111,000 Cash receipts from: Cash sales Collections of prior period sales Total cash receipts