The marketing department of Jessi Corporation submitted the following sales forecast for next year $($all sales are on account$)$:

$1$st Quarter $2$nd Quarter $3$rd Quarter $4$th Quarter

Budgeted unit sales $12,10013,10015,10014,100$

The selling price of the company$$s product is $$20$ 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 balance of accounts receivable, all of which is expected to be collected in the first quarter, is $$72,400.$

The company expects to start the first quarter with $2,420$ 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 $2,620$ units.

Required:

Calculate the estimated sales for each quarter and for the year as a whole.

Calculate the expected cash collections for each quarter and for the year as a whole.

Calculate the required production in units of finished goods for each quarter and for the year as a whole.