Please provide a comprehensive step-by-step solution to this problem, thank you.

The following information is available from the budget of ScramJet Ltd. Sales Purchases of Raw Materials January 2011 $ 800,000 $120,000 February 2011 $ 900,000 $150,000 March 2011 $1,200.000 $200,000 All purchases are made on account with 40% paid for in the month of purchase and 60% in the following month. Twenty percent of sales are for cash and 80 percent of sales are made on credit. Credit sales are collected 50% in the month of sale and 50% in the following month. REQUIRED: A. Compute the budgeted cash collections for March. B. Compute budgeted Accounts Receivable for March 31. 0. Compute the budgeted cash payments for purchases for March. D. Compute the budgeted Accounts Payable for March 31