A Company has budgeted sales revenues as follows:

Budgeted Sales Revenues

January $55,000

February 75,000

March 90,000

April 80,000

May 60,000

June 35,000

Past experience has indicated that 80% of sales each month are on credit and that

collection of credit sales occurs as follows:

60% in the month of sale,

30% in the month following the sale,

5% in the second month following the sale, and

the other 5% is uncollectible.

Required-

a schedule which shows expected cash receipts from sales for the months of April,

May, and June.