The following information pertains to Stirling Company: Month Sales on Credit Purchases on Credit January $60,000 $32,000 February $80,000 $40,000 March $100,000 $56,000 Cash is collected from customers in the following manner: - Month of sale: 20% - Month following the sale: 80% 50% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month; - Labor costs are 10% of sales. Other operating costs are $50,000 per month (including $10,000 of depreciation). Both of these are paid in the month incurred. I The cash balance on March 1 is $10,000. A minimum cash balance of $7,500 is required at the end of the month. Money can be borrowed in multiple of $1,000