Babu Enterprise sells packaged baby foods for $70/unit and is preparing budget for the 1st quarter of 2020. His actual and budgeted data include: Details . . . . . . . . . . . .Nov 2019 . . . Dec 2019 . . . Jan 2020 . . . Feb 2020 . . . Mar 2020 . . . Apr 2020 . . . May 2020 Production in units . . . . . 5100 . . . . . . 8900 . . . . . . 4700 . . . . . . 5200 . . . . . . . 6600 . . . . . . 5200 . . . . . . 5600 Each unit of product requires 20 kilograms of raw materials to produce. And Babu keeps an ending inventory of raw materials equal to 40% of the following months production needs of raw materials. The price of raw material is $4/kilogram. An advance payment of 60% is to be made a month prior to purchase. 30% is paid in the month of purchase. The rest is paid in the month following purchase. Instructions: For the 1st quarter of 2020, prepare: (A) Direct Materials Budget (B) Cash Payment (disbursement) Schedule for Raw Materials (C) Calculate the balance of accounts payable at the end of the first quarter of 2020