A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. The company's 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 March? $214, 200 excess $15, 800 excess $60,000 deficiency $25, 300 excess