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 February March 71,000 51.000 106,000 51,000 April Sales in December of the prior year were $81,000 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 $ 68,500 $ 72,250 $ 92.250