The following information pertains to Hepburn Company: Month January February Sales $66,000 $84,000 $102,000 Purchases $40,000 $49,000 $60,000 March Cash is collected from customers in the following manner. Month of sale Month following the sale 40% 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 $33,000 per month (including $9000 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? $116,000 $60,000 O $100,000 $53,950