. A company is completing their Cash Budget. The following data has been prepared for cash receipts and payments.

	January	February	March
Cash Receipts	$1,061,200	$1,182,400	$1,091,700
Cash Payments	$984,500	$1,210,000	$1,075,000

The companys cash balance at January 1st is $290,000. This company desires a minimum cash balance of $340,000.

What is the amount of excess cash or deficiency of cash (after considering the minimum cash balance required) for February? (hint: must figure Januarys ending balance first)