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Cash is collected from customers in the following manner: Month of sale , 4 0 % month following the sale 6 0 % 4 5

Cash is collected from customers in the following manner:
Month of sale ,40% month following the sale 60%
45% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.
Labor costs are 30% of sales. Other operating costs are $30,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred.
The cash balance on March 1 is $19,300. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000.
What is the ending cash balance for March?
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