A company is preparing its cash budget. Your cash balance as of January 1 is $290,000 and you have a minimum cash requirement of $340,000. 

The following data has been provided:

Cash receipts       January         February          March 

                             $1,061,200    $1,182,400       $1,091,700 

Cash payments   January          February          March

                               984,500          1,210,000        1,075,000 

What is the amount of the shortfall or excess of cash (after considering the required minimum cash balance) for February?