Arakaki Inc. is working on its cash budget for January. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $43,000. The excess (deficiency) of cash available over disbursements for January will be:

$16,000

$1,000

$193,000

$14,000