X-Tel budgets sales of $56,000 for April, $84,000 for May, and $68,000 for June. Sales are 60% cash and 40% 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 X-TEL Schedule of Cash Receipts from Sales Sales Cash receipts from Total cash receipts April May June $ 56,000 $ 84,000 $ 68,000