X-Tel budgets sales of $80,000 for April, $145,000 for May, and $55,000 for June. Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. Prepare a schedule of cash receipts from sales for April, May, and June X-TEL Schedule of Cash Receipts from Sales April $ 80,000 5 May June 55,000 145,000 $ Sales Cash receipts from Total cash receipts