Eastern Auto Parts Inc. has 30 percent of its sales paid for in cash and 70 percent on credit. All credit accounts are collected in the following month. Assume the following sales: January February March April $ 64,000 54,000 99,000 44,000 Sales in December of the prior year were $74,000. 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 $ 61,000 $ 67,500 $ 82,500