The marketing department of Payero Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on accolint Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 12,900 13,900 4th Quarter 15,900 14,900 The selling price of the company's product is $28 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 $74,000. The company expects to start the first quarter with 2,580 units in finished goods Inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,780 units. 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. Total sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year quire cut C tell Required Requ ated sales for each quarter of the fiscal year and for the year as a whole. ected cash collections for each quarter of the fiscal year and for the year as a whole. ed production in units of finished goods for each quarter of the fiscal year and for the year as a whole. tion by entering your answers in the tabs below. Required 3 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total cash collections < Prev 2 of 10 Next > to search the estimated sales for each quarter of the fiscal year and for the year as a whole. the expected cash collections for each quarter of the fiscal year and for the year as a whole. the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole Come this question by entering your answers in the tabs below. Required 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 3rd Quarter 4th Quarter Year Required production in units