Hi I am really struggling on understanding what numbers get plugged into 1b which then leads into question 2 which I cannot understand how.

Thanks very much

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: 1st Quarter 8,800 2nd Quarter 10,800 3rd Quarter 12,800 4th Quarter 11,800 Budgeted sales (units) The selling price of the company's product is $28 per unit. Management expects to collect 60% of sales in the quarter in which the sales are made and 35% in the following quarter; 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter, is $88,500. The company expects to start the first quarter with 2,400 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 2,650 units. Required: 1-a. Prepare the company's sales budget. JESSI CORPORATION Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year $ 246,400 $ 302,400 $ 358,400 $ 330,400 $ 1,237,600 Total sales 1-b. Prepare the schedule of expected cash collections. JESSI CORPORATION Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter $ 88,500 4th Quarter Year $ Accounts receivable, beginning balance 88,500 1-b. Prepare the schedule of expected cash collections. JESSI CORPORATION Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter $ 88,500 4th Quarter Year 88,500 $ Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections $ 88,500 $ 0 $ 0 $ 0 $ 88,500 2. Prepare the company's production budget for the upcoming fiscal year. JESSI CORPORATION Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total units needed