The selling price of the company's product is $14 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made and 20% in the following quarter, 5% of sales are expected to be uncollectible. The beginning bolance of accounts recelvable, all of which is expected to be collected in the first quarter, is $71,200. The company expects to start the first quarter with 1,725 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 1,925 units. Required: 1. Calculate the estimated sales for each quarter and for the year as a whole 2. Calculate the expected cash collections for each quarter and for the year as a whole. 3. Calculate the required production in units of finished goods for each quarter ond for the year as a whole Complete this question by entering your answers in the tabs below. Calculate the required production in units of finished goods for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the expected cash collections for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the estimated sales for each quarter and for the year as a whole