The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) Budgeted unit cales 1st Quarter 2nd quarter 11,400 12,400 3rd Quarter 34,400 Ath Quarter 13,000 The selling price of the company's product is $13 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 receivable, all of which is expected to be collected in the first quarter, is $71000 The company expects to start the first quarter with 1710 units in finished goods inventory Management desires on ending finished goods inventory in each quorter equal to 15% of the next quarter's budgeted soles. The desired ending finished goods inventory for the fourth quarter is 1910 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 quorter of the local year and for the year as a whole Complete this question by entering your answers in the tabs below. Required 1 Reguiled 2 Required 3 1 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 14 Quarter and Quarter 3rd Quarter ath Quarter Year Total cash collections