15) The following information pertains to Monroe Company: 15) Month January February March Sales $67,000 $88,000 $100,000 Purchases $32,000 $45,000 $58,000 Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 20% of sales. Other operating costs are $37,000 per month (including 58,000 of depreciation). Both of these are pald in the month incurred. The cash balance on March 1 is $10,000. A minimum cash balance of $6,000 is required at the end of the month Money can be borrowed in multiples of $1,000 How much cash will be collected from customers in March? A) $118,000 B) $91,600 C) 596,400 D) $100,000