Month January February March Sales $64,000 $82,000 $109,000 Purchases $35,000 $50,000 $65,000 Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70% 50% 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 $31,000 per month (including $10,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $27,100. A minimum cash balance of $7,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. in the monthning of 1,000. What is the ending cash balance for March? O A. $6,000 OB. $13,000 OC. $7,000 O D. $27,100