Question 10 The following information pertains to Hepburn Company Math January February March Sales $70,000 $15,000 $101,000 Purchases $38,000 $41,000 $61,000 Cash is collected from customers in the following manner. Manth of sale Month following the sale. 35% 65% 80% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month Labor costs are 25% of sales Other operating costs are $38,000 per month (including $9000 of depreciation). Both of these are paid in the month neumed The cash balance on March 1 is $10,000. Aimum cash balance of $6,000 is required at the end of the month Money can be borrowed in mult of $1,000 How much cash will be collected from customers in March? O $90,600 O $95,400 $101,000 $120,350