Check my word 1 - The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. First Quarter Second Quarter Third Quarter Fourth Quarter Budgeted unit sales 16,600 15,600 14,600 15,600 10 DO The selling price of the company's product is $26.00 per unit Management expects to collect 70% of sales in the quarter in which the sales are made and 25% 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 $72.000 The company expects to start the first quarter with 3,800 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 4,000 units. Required: 1-a. Compute the company's total sales eBook Print 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year References Total Sales 1-b. Complete the schedule of expected cash collections Graber Corporation Schedule of Expected Cash Collections ut Quarter 2nd Quarter Jed Quarter 4th Quarter Accounts receivable beginning balance 1st Quarter soles 2nd Quarter sales Check my work 1 1-6. Complete the schedule of expected cash collections. Graber Corporation Schedule of Expected Cash Collections ist Quarter 2nd Quarter 3rd Quarter 10 dth Ouarter Year 021415 Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales Sed Quarters 4th Quarters Total cash collections clock Print 2. Prepare the company's production budget for the upcoming fiscal year Graber Corporation Production Budget 2nd Quarter 3rd Quarter 1st Quarter Year 4th Quarter Budgeted unit sales Total units needed Required production