Araka Inc. is working on its cash budget for January 2023. The budgeted beginning cash balance for the month is $85,000. Budgeted cash receipts total $216,000 and budgeted cash disbursements total $252,000 during the month. The minimum desired ending cash balance is $80,000. The excess (deficiency) of cash available over disbursements for January 2023 will be:

$31,000

$49,000

$80,000

$7,000