What is the ending cash balance for March?

Cash is collected from customers in the following manner: Month of sale 35% Month following the sale 65% 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 $31,000 per month (including $10,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $19,100. A minimum cash balance of $9,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. The following information pertains to Monroe Company: Month January February March Sales $63,000 $87,000 $107,000 Purchases $37,000 $45,000 $59,000 . Cash is collected from customers in the following manner: Month of sale 35% Month following the sale 65% 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 $31,000 per month (including $10,000 of depreciation). Both of these are paid in the month incurred. O A. $19,100 O B. $9,000 C. $15,100 OD. $8,000