The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all salos are on account): Budgeted unit sales 11,500 12,500 14,500 13,500 The selling price of the company's product is $14 per unit. Management expects to colect 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 recevable, all of which is expected to be collected in the first quarter, is $71,200 The company expects to start the first quarter with 1,725 unids in inished goods inventory, Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarters budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1 325 units. Required: 1-a. Compute the company's total sales Jessi Corporation Sales Budget 2nd Quarter 1st Quarter 3rd Quarter 4th Quarter Year Budgeted units sales Selling price per unit Total sales 1-b. Complete the schedule of expected cash collections. Jessi Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter ar 0 0 0 Beginning accounts receivable 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections 0 O S 01$ 0 $ 2. Prepare the company's production budget for the upcoming fiscal year Jessi Corporation Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted unit sales Total needs Required production in units