27 The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units) 02:03:30 1st Quarter 9,100 11,100 2nd Quarter 3rd Quarter 4th Quarter 12.100 13,100 The selling price of the company's product is $31 per unit. Management expects to collect 60% of sales in the quarter in which the sales are made and 35% In the following quarter: 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter is $91,500. The company expects to start the first quarter with 2,550 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2.800 units. Required: 1-a.Prepare the company's sales budget. JESSI CORPORATION Sales Budget 1st Quarter 2nd Quarter Total sales 3rd Quarter 4th Quarter Year