Eastern Auto Parts Inc. has 25 percent of its sales paid for in cash and 75 percent on credit. All credit accounts are collected in the following month. Assume the following sales:

January	$	79,000
February		69,000
March		114,000
April		59,000

Sales in December of the prior year were $89,000. Prepare a cash receipts schedule for January through April.

Eastern Auto Parts Inc.
	January	February	March	April
Sales
Cash receipts:
Cash sales
Prior month's credit sales
Total cash receipts	$0	$76,500	$80,250	$100,250