Clay Company has projected sales in units for the first half of the coming year as follows: January - 70,000 units, February 30,000 units, March 20,000 units April 50,000 units, May - 40,000 units, and June - 60,000 units All units are sold on account (as credit sales) for $14 each. There are no cash sales. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month Following the month of sale, and the remaining 10% in the second month following the month of sale. Required: Prepare a schedule for each month showing budgeted cash receipts for the Clay Company for the months of April, May and June only