Kirby Inc has submitted the following sales forcast for the first period. Jan $2004-48000$ tablets Feb $2004-45000$ tablets Mar $42000$ tablets April $51000$ tablets The selling price of the company's product is $$5\mathrm{.}00$ per tablet. Managemnt expects to collect $58\%$ of the sales in the month the sales are made, $40\%$ in the month following the sale and $2\%$ ae$=$re uncollectable. The beginning accounts receivables of $$46,000$ is expected to be collected in the month of Jan $2004.$ The company expects tostart the first month with $7000$ tablets in finished goods inventory. Management desires an ending finished goods inventory in each month equal to $30\%$ of the next quarter's budgeted sales. The desire ending finished goods inventory for the April $2004$ is $8000$ tablets. Prepare the firm's sales budgeted and schedule of cash collections. Prepare the firm's production budget for the $4$ months Jan$-$April.