The following information pertains to Hepburn Company: Month Sales Purchases January $66,000 $40,000 February $88,000 $49,000 March $105,000 $63,000 Cash is collected from customers in the following manner Month of sale 40% Month following the sale 60% 40% 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 $39,000 per month (including $8000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $9000. 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 collected from customers in March? $94,800 $105,000 $130,000 $98,200