Question 13 The following information pertains to Hepburn Company: Month Sales Purchases January $67,000 $38,000 February $86,000 $46,000 March $101,000 $57,000 Cash is collected from customers in the following manner Month of sale Month following the sale 30% 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 $40,000 per month (including $10,000 of depreciation). Both of these are paid 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 paid to suppliers in March? O $95,000 $100,800 O $50,400 O $57.000