The selling price of the company's product is $29 per unit. Management expects to collect 65% of sales in the quarter in which sales are made, 30% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accou receivable, all of which is expected to be collected in the first quarter, is $74,200. The company expects to start the first quarter with 2.600 units in finished goods inventory Management desires an ending finis goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventor the fourth quarter is 2,800 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 Require] 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