S 20-18 (Algo) Schedule of cash receipts LO P2 X-Tel budgets sales of $72,000 for April, $156,000 for May, and $108,000 for June. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. Prepare a schedule of cash receipts from sales for April, May, and June