The marketing department of Jess Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account: Tat u arter and Ouarter 11.00 13,000 The selling price of the company's products $1800 per unit Management expects to collect 65% of sales in the arter in which the sales are made. 30% 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 $70.200 The company expects to start the first quarter with 1650 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 finished goods inventory for the fourth quarter is 1850 units Required: 1 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2.250 12,000 14,000 13,000 Year 50,000 Required production in units