Hailey Rodney will be opening her firm calledRodney's Kites in April of next year. She predicts that April, May and June will generate $150,000, $120,000 and $135,000 worth of sales, respectively.

The company expects to sell 30% of its products for cash. 60% of the sales on account are expected to be collected in the month of the sale, thirty percent in the month following the sale and the remainder in the following month.

Prepare the cash receipts section of the cash budget.