Fielding Wilderness Outfitters had projected its sales for the first six months of 2017 to be as follows

Jan. $50,000 April $180,000

Feb.

$60,000

May $240,000

March$100,000 June $240,000

Cost of goods sold is 60% of sales. Purchases are made and paid for two months prior to the sale. 40% of sales are collected in the month of the sale, 40% are collected in the month following the sale, and the remaining 20% in the second month following the sale. Total other cash expenses are $40,000/month. The company's cash balance as of March 1, 2017 is projected to be $40,000, and the company wants to maintain a minimum cash balance of $15,000. Excess cash will be used to retire short-term borrowing (if any exists). Fielding has no short-term borrowing as of March 1, 2017. Assume that the interest rate on short-term borrowing is 1% per month.

Based on the information in Table 2, what was the net change in cash for March?

A.

$(110,000)

B.

$(184,000)

C.

$(84,000)

D.

None of the above