The following information pertains to Monroe Company Month January February March Sales $63.000 $84.000 $105,000 Purchases $41,000 $44,000 $63,000 Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70% 50% 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 $34 000 per month (including $10,000 of depreciation). Both March $105,000 $63,000 Cash is collected from customers in the following manner Month of sale 30% Month following the sale 70% 50% 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 $34,000 per month (including $10,000 of depreciation). Both these are paid in the month incurred. The cash balance on March 1 is $9,000. A minimum cash balance of $6,000 is required at the end of the month Mone can be borrowed in multiples of $1,000 How much cash will be collected from customers in March? O A. $115.500 O B. $90,300 OC. $98.700 O D. $105.000