X-Tel budgets sales of $76,000 for Aprt, $116,000 for May, and $72,000 for June. In addition, sates are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $15,000. Prepare a schedule of budgeted cash receipts for April, May, and June May 116,000 $ June 72.000 X TEL Canl Receipts Budget For April May, and June April Sales $ 75 000 $ Loss Ending accounts receivable Cash receipts from Collections of prior month's receivables Cash sales Total budgeted cash receipts