A company's sales are 5% in cash and 95% on credit. • 75% percent of credit sales are collected in the same month the sale occurred, 20% the month following the sale, and 5% in the second month following the sale. • Budgeted sales are expected to be $30, 000 in January, $45,000 in February, $70,000 in March, and $40, 000 in April. Calculate the budgeted total cash receipts in April.