The following information pertains to Monroe Company: - Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 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 $38,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred. - The cash balance on March 1 is $19,300. A minimum cash balance of $8,000 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? A. $19,300 B. $8,000 C. $7,000 D. $14,400