Eastern Auto Parts Inc. has 15 percent of its sales paid for in cash and 85 percent on credit. All credit accounts are collected in the following month. Assume the following sales: January February $ 69,000 March April 59,000 104,000 49,000 Sales in December of the prior year were $79,000. Prepare a cash receipts schedule for January through April. Sales Cash receipts: Cash sales Prior month's credit sales Total cash receipts Eastern Auto Parts Inc. January February March April $ 67,500 $ 65,750 $ 95,750