The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 11,588 2nd Quarter 12,5e8 3rd Quarter 14,588 4th Quarter 13,588 Budgeted unit sales The selling price of the company's product is $14 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 recelvable, all of whlch is expected to be collected in the first quarter, Is $71,200. The company expects to start the first quarter with 1,725 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 1,925 unlts. 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 requilred 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 sstimated saies for each quarter of the facal year and for the year as a whcle 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter ear Total sales