Fortin Limited produces and selis a single product, a weatable LED light for runners and cyclists. The analytics group ot Fortin Limited has developed the following estimates for unit sales in the upcoming year. The light sells for $60 per unit and all sales are on account. 75% of sales are expected to be collected in the quarter of sale, with the renlainder in the following quarter. Accounts recelvable at the beginning of the quarter were $165,000 and wil all be collected during the first quarter of the yeut. At the end of the previsus quarter there were 2.200 units in finkshed goods invernory The deslied ending finished goods inventory at the end of each quarter k10% of the next quarter's budgeted sales. Management expects sales in the fourth quarter of the upcoming yoar to be the same as the first quarter of the following year. Required: 1-6. Prepare the company's sales budget 2. Prepare the company's production budget for the upcoming fiscal year 1-b. Prepare the schedule of expected cash collections. Fortin Limited produces and selis a single product, a weatable LED light for runners and cyclists. The analytics group ot Fortin Limited has developed the following estimates for unit sales in the upcoming year. The light sells for $60 per unit and all sales are on account. 75% of sales are expected to be collected in the quarter of sale, with the renlainder in the following quarter. Accounts recelvable at the beginning of the quarter were $165,000 and wil all be collected during the first quarter of the yeut. At the end of the previsus quarter there were 2.200 units in finkshed goods invernory The deslied ending finished goods inventory at the end of each quarter k10% of the next quarter's budgeted sales. Management expects sales in the fourth quarter of the upcoming yoar to be the same as the first quarter of the following year. Required: 1-6. Prepare the company's sales budget 2. Prepare the company's production budget for the upcoming fiscal year 1-b. Prepare the schedule of expected cash collections