The following information pertains to Monroe Company: Month January February March Sales $62,000 $82,000 $103,000 Purchases $39,000 $42,000 $61,000 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 20% of sales. Other operating costs are $32,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $10,850. A minimum cash balance of $5,000 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