Golden Eagle Co. manufactures and sells a product that has a highly seasonable variation in demand, with peak sales coming in the third quarter. The following information is available concerning operations for the next 6 quarters.

(a) The companys single product sells for $8 per unit. Budgeted sales in units for the next 6 quarters are

as follows:

Budgeted Sales in Units	Fiscal Year 2017 Quarters				Fiscal Year 2018 Quarters
	1	2	3	4	1	2
	4000	6000	10000	5000	7000	8000

(b) Sales are collected in the following pattern: 75% in the quarter the sales are made, and the remaining 25% in the following quarter. At the beginning of Fiscal Year 2017, the companys balance sheet showed $6,500 in accounts receivable, all of which will be collected in the first quarter of the year. Bad debts are negligible and can be ignored.

1. Complete the boxed cells for the sales budget and schedule of cash collections in the tables below.

2. a) What total amount should be on the budgeted income statement for fiscal year 2017?

b) What total amount should be on the cash budget for fiscal year 2017?

c) Calculate the budgeted accounts receivable balance for the end of 2017.