The selling price of the company's product is $27 per unit. Management expects to collect 55% of sales in the quarter in which the sales are made and 40% 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 $87,500. The company expects to start the first quarter with 2,350 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 2,600 units. Required: 1. Prepare the company's sales budget. 2. Prepare the company's production budget for the upcoming fiscal year