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 $ 83,000 February 73,000 March 118,000 April 63,000 Sales in December of the prior year were $93,000. Prepare a cash receipts schedule for January through April.

			Eastern Auto Parts Inc
	January	February	March	April
Sales
Cash Resipts
Cash Sales
Prior Months Credit Sales
Total Cash receipts