Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. alculate the estimated sales for each quarter of the fiscal year and for the year as a whole. The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (oll sales are on occount: The selling price of the company's product is $27 per unit. Management expects to collect 65% of sales in the quarter in which the soles ore made. 30% in the following quarter, and 5% of soles are expected to be uncollectible. The beginning balance of accounts receivoble, all of which is expected to be collected in the first quarter, is $73.800. The company expects to start the first quarter with 2.560 units in finished goods inventory. Manogement desires an ending finished goods inventory in each quorter equal to 20% of the next quarter's budgeted soles. The desired ending finished goods inventory for the fourth quarter is 2760 units. Required: 1. Calculate the estimated sales for each quarer of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quanter 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. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. \begin{tabular}{l|l|l|l|l|l|} \hline Required production in units & 1st Quarter & 2nd Quarter & 3rd Quarter & 4th Quarter & Year \\ \hline \end{tabular}