X-Tel budgets sales of $85,000 for April, $145,000 for May, and $55,000 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 $18,000. Prepare a schedule of budgeted cash receipts for April, May, and June. May June X-TEL Cash Receipts Budget For April, May, and June April Sales Less Ending accounts receivable Cash receipts from: Cash sales Collections of prior month's receivables Total budgeted cash receipts $ 0 $ 0 $ 0 aces