The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units) 1st Quarter 8,600 2nd Quarter 3rd Quarter 4th Quarter 10,600 12,600 11,600 The selling price of the company's product is $26 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made and 30% in the following quarter: 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter, is $86,500. The company expects to start the first quarter with 2,300 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 2,550 units. Required: 1-a.Prepare the company's sales budget. JESSI CORPORATION Sales Budget 2nd Quarter 223,600 $ 275,600 $ 3rd Quarter 327,600 $ 1st Quarter Total sales $ 4th Quarter Year 301,600 $ 1,128,400