Hayes, Inc. is growing steadily, causing some concerns about its cash flow.The company's estimated sales and purchases for the past three months, plus projected sales and purchases for the next three months, are shown below: Actual Forecast October November December January February March Sales $250,000 $275,000 $300,000 # $325,000 $350,000 $400,000 Purchases $175,000 $200,000 $225,000 # $250,000 $275,000 $300,000 Half of Hayes' sales are for cash.The company's Average Collection Period from customers is 60 days.It's standard pay terms with suppliers is 30 days.

a) What are the company's expected cash receipts in March?

b) What would the company's Accounts Receivable balance be at the end of March?

c) What are the company's expected cash expenditures for purchases in March?

d) What would be the company's Accounts Payable balance at the end of March?