The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on accounts 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 11,700 14,700 13,700 12,700 The selling price of the company's product is 516 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 receivable, all of which is expected to be collected in the first quarter, is 571,600, The company expects to start the first quarter with 1,755 units in finished goods inventory Management desires an onding finished goods inventory in each quarter equal to 15% of the next quarter's budgeted soles. The desired ending finished goods inventory for the fourth quarter is 1955 units 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 required production in units of finished goods for each quarter of the fiscal year and for the year as a whole