8-14 in excell spreadsheet please

September 30 EXERCISE 8-14 Sales and Production Budgets LO8-2, L08-3 The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter Budgeted unit sales 4th Quarter 11,000 12,000 14.000 13,000 000, expected to be collected in the first quarter, is $70,200. The selling price of the company's product is 518,00 per unit. Management expects to collect 65% of sales in the quarter to Webishleher selbs are made, 30% in the following quarter, and so schles are of accounts receivable, all of which is The company expects to start the first quarter with 1,650 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 cted zeiv. 1.850 units. Required: st of the the 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. (Hint: Refer to Schedule 1 for guidance.) 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. (Hint: Refer to Schedule 1 for guidance.) 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. (Hint: Refer to Schedule 2 for guidance.) this are rter