The following information pertains to Hepburn Company:

Month	Sales	Purchases
January	$63,000	$39,000
February	$82,000	$44,000
March	$102,000	$57,000

Cash is collected from customers in the following manner:

Month of sale 35%

Month following the sale 65%

40% 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 $32,000 per month (including $9,000 of depreciation). Both of these are paid in the month incurred,

The cash balance on March 1 is $15,800. A minimum cash balance of $3,000 is required at the end of the month. Money can be borrowed in multiples of $1,000.

What is the ending cash balance for March?