The marketing department of fiscal year (all sales are on account): Jessi Corporation has submitted the following sales forecast for the upcoming 1st Quarter 12,700 2nd Quarter 13,700 3rd Quarter 15,700 4th Quarter 14,700 Budgeted unit sales The selling price of the company's product is $26 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $73,600 The company expects to start the first quarter with 2,540 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,740 units Required 1-a. Complete the company's sales budget. Jessi Corporation Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 14,700 Budgeted units sales Selling price per unit S Total sales 56,800 26 $ 330,200356,200 408,200 $ 382,200 1,476,800 12,700 13,700 15,700 26 $ 26 $ 26 $ 26 $