The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units) Ist Quarter 3,700 2nd Quarter 10,700 3rd Quarter4th Quarter 12,700 11,700 The selling price of the company's product is $27 per unit. Management expects to collect 55% of sales in the quarter in which the sales are made and 40% 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 $87,500. The company expects to start the first quarter with 2.350 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 2.600 units. Required: 1-0. Prepare the company's sales budget JESSI CORPORATION Sales Budget 2nd Quarter 3rd Quarter Tot Quarter Ath Quarter Total sales Year 1 b. Prepare the schedule of expected cash collections Required: 1-a. Prepare the company's sales budget. JESSI CORPORATION Sales Budget 2nd Quarter 3rd Quarter Ist Quarter 4th Quarter Year Total sales 1 b. Prepare the schedule of expected cash collections. JESSI CORPORATION Schedule of Expected Cash Collections Tot Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Accounts receivablo, beginning balance 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. JESSI CORPORATION Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total units needed