value: 1.25 points The marketing department of fiscal year (all sales are on account) Jessi Corporation has submitted the following sales forecast for the upcoming 1st Quarter 12,400 2nd Quarter 13,400 3rd Quarter 15,400 4th Quarter 14,400 Budgeted unit sales The selling price of the company's product is $23 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% 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 $73,000 The company expects to start the first quarter with 2,480 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 2,680 units Required 1-a. Complete the company's sales budget. Jessi Corporation Sales Budget 2nd Quarter 1st Quarter 3rd Quarter 4th Quarter Year Budgeted units sales Selling price per unit Total sales