The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on accounts: Budgeted unit sales 1st Quarter 11,300 2nd Quarter 12,300 3rd Quarter 14,300 4th 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 receivable, all of which is expected to be collected in the first quarter, is $70,800. The company expects to start the first quarter with 1.695 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. ear and for the year or the year as a whole.he year as a whole. 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 1 Required 2 Required 3 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total sales Required 1 Required 2 Required 3 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 1st 2nd Quarter 3rd Quarter 4th Quarter Quarter Year Total cash collections Required 1 Required 2 Required 3 Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter production auto 1st cuarter aan er 3rd Quarter 4th Quarter Year at Quarter Year Required production in units