2 The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account ter in Quarter Quartet Quarter Budgeted unit sales 13,700 14,700 The selling price of the company's product is 526 perunt Management expects to collect 75% of sales in the quarter in which the sales are made 20%. In the following quarter and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is 573,600 The company expects to start the first quarter with 2.540 units in finished goods inventory Management desires an ending finished poods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending fished goods inventory for the fourth quarter is 2740 units Required: 1 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole Complete this question by entering your answers in the tabs below. Hequired Required Here Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole 1st Quarter and Quarter Sodater than Year Required