The following information pertains to Monroe Company: Month January February March Sales $70,000 $88,000 $101,000 Purchases $41,000 $50,000 $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 20% of sales. Other operating costs are $31,000 per month (including $9,000 of depreciation). Both of 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. Money can be borrowed in multiples of $1,000. How much cash will be paid to suppliers in March? O A. $54,000 OB. $60,000 O C. $101,000 OD. $115.000