The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 13,000 14,000 16,000 15,000 The selling price of the company's product is $29 per unit. Management expects to collect 65% of sales In the quarter 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 recelvable, all of which is expected to be collected in the first quarter, Is $74,200. The company expects to start the first quarter with 2,600 units In finished goods Inventory. Management desires an ending finished goods Inventory In each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods Inventory for the fourth quarter Is 2,800 units. Requlred: 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 requlred production In units of finlshed 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 estimated sales for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total sales Complete this question by entering your answers in the tabs below. Required 1. Required 2 Required 3 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total cash collections