Downloaded and extracted Android Studio
Downloaded and extracted Java 1.7.0_21 JDK ARM
Completed the below commands except the javaws commands as they error-ed out doesn't exist

tar xzvf ~/Downloads/jdk-7u21-linux-arm.tar.gz sudo mv jdk1.7.0_21/ /usr/lib/jvm/
sudo update-alternatives --install /usr/bin/java java /usr/lib/jvm/jdk1.7.0_21/bin/java 1
sudo update-alternatives --install /usr/bin/javac javac /usr/lib/jvm/jdk1.7.0_21/bin/javac 1 sudo update-alternatives --install /usr/bin/javaws javaws /usr/lib/jvm/jdk1.7.0_21/bin/javaws 1
sudo update-alternatives --config java
sudo update-alternatives --config javaws