40% of sales are collected in cash at time of​ sale, 50% are collected in the month following the​ sale, and the remaining​ 10% are collected in the second month following the sale. Cost of goods sold is​ 60% of sales. Purchases are made in the month prior to the​ sales, and payments for purchases are made in the month of the sale. Total other cash expenses are​ $40,000/month. The​ company's cash balance as of February​ 28, 2012 will be​ $25,000. Excess cash will be used to retire shortterm borrowing​ (if any).​ CraftCo, Inc. has no short term borrowing as of February​ 28, 2012. Assume that the interest rate on shortterm borrowing is​ 1% per month. The company must have a minimum cash balance of​ $15,000 at the beginning of each month. What is​ CraftCo, Inc.'s projected cash balance at the end of March​ 2012?