Problem 6-20 Cash receipts schedule (L06-1 Eastern Auto Parts Inc. has 15 percent of its sales paid for in cash and 85 percent on credit. All credit accounts are collected in the following month. Assume the following sales: January February March April $ 81,000 71,000 116,000 61,000 Sales in December of the prior year were $91,000. Prepare a cash receipts schedule for January through April. $ April 61,000 Eastern Auto Parts Inc. January February March Sales $ 81,000 $ 71,000 $ 116,000 Cash receipts: Cash sales $ 12,150 $ 10,650 $ 17,400 Prior month's credit sales 76,500 X 68,850 60,350 Total cash receipts 88,650 $ 79,500 77,750 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. $ 9,150 98,600 107,750 $