The following information pertains to Monroe Company:

Cash is collected from customers in the following manner:

Month of sale $30\%$

Month following the sale $70\%$

$45\%$ 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 $$36,000$ per month $($including $$9,000$ of depreciation$).$ Both of these are

paid in the month incurred.

The cash balance on March $1$ is $$18,200.$ A minimum cash balance of $$9,000$ 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$.$ $$8,000$

B$.$ $$18,500$

C$.$ $$9,000$

D$.$ $$18,200$