X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 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 $25,000. Prepare a schedule of cash receipts from sales for April, May, and June. X-TEL Schedule of Cash Receipts from Sales April May June $ 60,000 $100,000 $ 80,000 Sales Cash receipts from Cash sales Collections of prior period sales Total cash receipts $ 0 $ 0 S 0