The following information pertains to Monroe Company: Month January February March Sales Purchases $62,000 $36,000 $88,000 $40,000 $102,000 $60,000 . 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 $40,000 per month (including $8,000 of depreciation). Both of these are A. $96,000 OB. $48,000 c. $60,000 D. $100,000