X-Tel budgets sales of $72.000 for April, $126,000 for May. and $84,000 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 $11,000. Prepare a schedule of budgeted cash receipts for April, May, and June. X-TEL Cash Receipts Budget For April, May, and June April 72,000 S128,000 84,000 May June Sales Cash receipts from: Cash sales Collections of prior month's receivables Total cash receipts 0 S 0 S