The following information pertains to Tiffany Company:

Tiffany's sales are $25\%$ cash and $75\%$ credit. Credit sales are collected as follows: No credit sales are

collected in the same month of sales.

$-70\%$ collected one month after the sale

$-10\%$ collected two months after the sale

$20\%$ of purchases are paid for in cash in the month of purchase, and the remaining is paid the following

month. Labour costs are $30\%$ of sales. Other operating costs are $$15,000$ per month $($including $$4,000$ of

depreciation$).$ Both of these are paid in the month incurred. There are no other cash payments.

The cash balance on March $1$ is $$4,000.$ A minimum cash balance of $$3,000$ is required at the end of the

month. Money can be borrowed in multiples of $$1,000.$

Required:

What is the total cash collection in March?

What is the total cash payment in March?

How much will Tiffany need to borrow in March?