The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year al sales are on account 2nd 1st Quarter 11,300 3rd Quarter 14,300 Quarter 12,300 Badgeted unit Quarter 13,300 The selling price of the company's product is $12 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 recevable, all of which is expected to be collected in the first quarters $70.800 The company expects to start the first quarter with 1695 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 1,895 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 Complete this question by entering your answers in the tabs below. Required Required Required Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 3rd Quarter 4th Quarter Year Quarter Quarter Total sales (Required 1 Required 2 >