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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are account): Budgeted unit sales 1st Quarter 11,480 2nd Quarter 12,400 3rd Quarter 14,400 4th Quarter 13,400 The selling price of the company's product is $13 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of account receivable, all of which is expected to be collected in the first quarter, is $71,000. The company expects to start the first quarter with 1710 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 fo the fourth quarter is 1,910 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3