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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Budgeted sales (units) 9,500 11,500 13,500 12,500 The selling price of the company's product is $35 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made and 30% 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 rst quarter, is $95,500. The company expects to start the rst quarter with 2,750 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 nished goods inventory for the fourth quarter is 3,000 units. Required: 1-a. Prepare the company's sales budget. 1-b. Prepare the schedule of expected cash collections. Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections