X-Tel budgets sales of $80,000 for April, $145,000 for May, and $85,000 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 $19,000 Prepare a schedule of budgeted cash receipts for April, May, and June X.TEL Sales Less Ending accounts receivable Cash Receipts Budget For April, May, and June Cash receipts from Cash sales Collections of prior month's receivables Total budgeted cash receipts April May June 80.000 $ 145.000 $ 85,000 40.000 72.500 42.500 19 000 40.000 72.500 S 59.000 $ 112,500 $ 115,000