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X-Tel budgets sales of $72,000 for April, $120,000 for May, and $64,000 for June. In addition, sales are 40% cash and 60% on credit. All

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X-Tel budgets sales of $72,000 for April, $120,000 for May, and $64,000 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 receivable is $14,000. Prepare a schedule of budgeted cash receipts for April, May, and June

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