X-Tel budgets sales of $60,000 for April, $145,000 for May, and $50,000 for June. In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts recelvable is $10,000. Prepare a schedule of budgeted cash receipts for April, May. and June. X-TEL Cash Receipts Budget For April, May, and June May April June Cash receipts from: Total cash receipts