Bookworm Publishers publishes books and they have gathered the following data for the month of October: Cash on 8/1 Expected Cash Collections Direct Materials Cash Disbursements Direct Labor Cash Disbursements MOH Cash Disbursements Operating Expenses Cash Disbursements Capital Expenditures Cash Disbursements Data $7,000 $350,000 $62,000 45,000 $43,000 $85,000 $125,000 Bookworm Publishers requires an ending cash balance of at least $5,000 and can borrow from a line of credit in $1,000 increments. What is the excess or deficiency of cash for October? O A. $11,000 cash deficiency OB. $8,000 cash excess O C. $5,000 cash excess O D. $3,000 cash deficiency