The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account Budgeted unit sales 12,200 13,200 15,200 14,200 The seling price of the compan s pr du tisS21 per a Management e pec stocoled e6% of sales n the quarter i which the sales are made %nte torgan et ansa sales are expected to be uncollectble. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72,600 The company expects to start the first quarter with 2,440 units in finished goods inventory Management desires an e din nished pod in entry n each ga er o al 20% of ro no quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,840 units Required: 1-a. Compute the company's total sales. Jessi 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 Schedule of Expected Cash Collections st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Beginning accounts receivable 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections 2. Prepare the company's production budget for the upcoming fiscal year Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted unit sales Total needs Required production in units