The following information pertains to Monroe Company: Month January February March Sales $64,000 $80,000 $110,000 Purchases $33,000 $50,000 $57,000 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 $39,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred. O A. $57,000 O B. $108,650 OC. $53,150 OD. $90,000 Click to select your answ MacBook Pro The following information pertains to Monroe Company: Month January February March Sales $64,000 $80,000 $110,000 Purchases $33,000 $50,000 $57,000 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 $39,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred. O A. $57,000 O B. $108,650 OC. $53,150 OD. $90,000 Click to select your answ MacBook Pro