Saved Matoika Manufacturing's sales department has submitted the following sales budget for the upcoming Budgeted sales (units) 1st Quarter 9,100 2nd 3rd 4th Quarter 11,100 Quarter 13,100 Quarter 12,100 53.16 The selling price of the company's product is $31 per unit. Management expects to collect 60% of s sales are made and 35% in the following quarter, 5% of sales are expected to be uncollectible. The receivable, all of which are expected to be collected in the first quarter, is $91,500. The company expects to start the first quarter with 2,550 units in finished goods inventory. Mana goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired the fourth quarter is 2,800 units. Required: 1-a. Prepare the company's sales budget. Matoika Manufacturing Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total sales 1-b. Prepare the schedule of expected cash collections. Matoika Manufacturing Schedule of Expected Cash Collections www Prev 41 of 42 Ne