Problem $6-20($Algo$)$ Cash receipts schedule $[$LO$6-1]$

Eastern Auto Parts Incorporated has $20$ percent of its sales paid for in cash and $80$ percent on credit. All credit accounts are collected in the following month.

Assume the following sales:

January $ $70,000$

February $60,000$

March $105,000$

April $50,000$

Sales in December of the prior year were $$80,000.$

Prepare a cash receipts schedule for January through April.