The following information pertains to Hepburn Company.

Month	Sales	Purchases
January	$38000	$15600
February	$38000	$15200
March	$45600	$16000

• Cash is collected from customers 45percent in the month of the sale and 55in the month immediately following the sale.
• 35percent of purchases are paid for in cash in the month of the purchase, and the balance is paid the following month.
• Labor costs are 32percent of sales. Other operating costs are $29000per month, including $10000of depreciation. These costs are paid in the month incurred.
• The cash balance on March 1st is $8000.
• A minimum cash balance of $8000 is required at the end of the month.
• Money can be borrowed in multiples of $1000.

1. What is the expected cash balance at March 31st if Hepburn Company doesn t do any borrowing?

2. How much cash will be paid in total during March?