The following information pertains to Monroe Company:

Month	Sales	Purchases
January	$62,000	$38,000
February	$85,000	$48,000
March	$101,000	$63,000

	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 $38,000 per month (including $9,000 of depreciation). Both of these are paid in the month incurred.
	The cash balance on March 1 is $8,000. 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 disbursed in total in March?

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Part 1

A.

$54,250

B.

$118,000

C.

$109,000

D.

$63,250