The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (al sales are on accounts: 1st Quarter 2nd Quartier 3rd Quarter 4th Quarter Budgeted Unt Sales 11.400 12400 14,400 13.400 The selling price of the company's product is $13 per unit Management expects to collect 5 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 $71,000. The company expects to start the first quarter with 1.710 units in finished goods inventory Management desires an ending fnished 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 1,910 units Required 1-a. Compute the company's total sales. Jessi Corporation Sales Budget 2nd Quarter Jed Quarter 1st Quarter 4th Quarter Year Budited units sales Total sales 1-b. Complete the schedule of expected cash collections. Jessi Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Beginning accounts receivable 1st Quarter sales 2nd Quarter sales 3rd 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 Quarter4th Quarter Budited unt sales Required production in units