Kay’s Hardware Ltd’s budgeted monthly sales for January to June 2019 are given below. About 70% of the monthly sales are expected to be on credit. Approximately 60% of the credit sales are collected in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale; 5% are never collected and are written off.

The budgeted gross sales by month are as follows.

Required 

Prepare a schedule of expected cash receipts from sales for April, May and June 2019.

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January February March $115000 162 000 139000 April 125000 May 150000 June 130000