1. The following information pertains to Monroe Company:

Month Sales Purchases January $62,000 $33,000 February $84,000 $42,000 March $101,000 $61,000

• Cash is collected from customers in the following manner: Month of sale 40% Month following the sale 60%
• 45% 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 $38,000 per month (including $10,000 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?