The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year. Budgeted sales (units) 1st Quarter 2nd Quarter3rd Quarter4th Quarter 9, 180 11,108 13,188 12,100 The selling price of the company's product is $31 per unit. Management expects to collect 60% of sales in the quarter in which the sales are made and 35% 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 $91.500. The company expects to start the first quarter with 2.550 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 2.800 units. Required: 1-0. Prepare the company's sales budget VESSI CORPORATION Sales Budget 2nd Quarter 3rd Quarter 1st Quarter thi Quarter Year Total sales 1b. Prepare the schedule of expected cash collections VERSE CORPORATION Sched Expected Cash Collections Ist Quarter 2nd Quarter 3rd Quarter th Quarter Year Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections $ $ 0 $ 0 $ 0 2. Prepare the company's production budget for the upcoming fiscal year. JESSI CORPORATION Production Budget Ist Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total units needed