The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year:

The selling price of the company's product is $$32$ per unit. Management expects to collect $65\%$ of sales in the quarter in which the

sales are made and $30\%$ in the following quarter; $5\%$ of sales are expected to be uncollectible. The beginning balance of accounts

recelvable, all of which are expected to be collected in the first quarter, is $$92,500.$

The company expects to start the first quarter with $2,600$ 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 $2,850$ units.

Required:

$1-$a$.$ Prepare the company's sales budget.

$1-$b$.$ Prepare the schedule of expected cash collections.Prepare the company's production budget for the upcoming fiscal year.The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year:

The selling price of the company's product is $$32$ per unit. Management expects to collect $65\%$ of sales in the quarter in which the

sales are made and $30\%$ in the following quarter; $5\%$ of sales are expected to be uncollectible. The beginning balance of accounts

recelvable, all of which are expected to be collected in the first quarter, is $$92,500.$

The company expects to start the first quarter with $2,600$ 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 $2,850$ units.

Required:

$1-$a$.$ Prepare the company's sales budget.

$1-$b$.$ Prepare the schedule of expected cash collections.