Elsie is comparing her actual income and expenses to her budgeted amounts. She was pleased to see that her net income was higher than expected by $2,000 due to a job promotion, and for the most part her expenses matched her planned outflow, with the exception of the following: Expense Higher / (Lower) than planned Utilities ($500) Groceries $1,000 Recreation $500 Clothing ($400) Which statement is true? a) Elsie had a negative forecasting error of $1,400. b) Elsie had a negative forecasting error $2,600. c) Elsie had a positive forecasting error of $1,400. d) Elsie had a positive forecasting error of $2,600