The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. First Quarter Budgeted unit sales Second Quarter Third Quarter 16,400 15,400 Fourth Quarter 16,400 17,400 The selling price of the company's product is $32.00 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made and 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 $80,000. The company expects to start the first quarter with 4,600 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 10% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 4,800 units. Required: 1-a. Compute the company's total sales. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total Sales $ 0 1-b. Complete the schedule of expected cash collections. Graber Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 0 0 0 Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections 0 0 0 $ 0 0 $ 0 0