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

$1$st Quarter $2$nd Quarter $3$rd Quarter $4$th Quarter

Budgeted sales $($units$)9,50011,50013,50012,500$

The selling price of the company$$s product is $$35$ 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 receivable, all of which are expected to be collected in the first quarter, is $$95,500.$

The company expects to start the first quarter with $2,750$ 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 $3,000$ units.

Required:

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

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

$2.$ Prepare the company's production budget for the upcoming fiscal year.

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