The following information pertains to Monroe Company: Sales Purchases Month January $64,000 $37,000 February $88,000 $47,000 March $105,000 $64,000 . Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70% 50% 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 $34,000 per month (including $8,000 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? A. $55,500 OB. $101,000 C. $116,000 D. $64,000