A company is preparing its cash budget. Its cash balance on January 1 is $290,000 and it has a minimum cash requirement of $340,000. The following data has been provided: Cash receipts Cash payments January $1.094.500 984,500 February $1,182,400 1.351.500 March $1.091.700 1.075.000 What is the amount of the deficiency or excess cash (after considering the minimum cash balance required) for January? O excess of S356,700 O excess of $26,700 excess of $60,000 deficiency of $136,700