X-Tel budgets sales of $72,000 for April, $126,000 for May, and $84,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $13,000. Prepare a schedule of budgeted cash receipts for April, May, and June. $ X-TEL Cash Receipts Budget For April, May, and June April Sales $ 72,000 Less: Ending accounts receivable 36,000 Cash receipts from: Cash sales 36,000 Collections of prior month's receivables 13,000 Total budgeted cash receipts $ 49,000 May 126,000 63,000| $ June 84,000 42,000 63,000 $ 63,000 $ 42,000