In the month of August, a firm had total cash receipts of $$10,000,$ total cash disbursements of $$8,000,$ depreciation expense of $$1,000,$ a minimum cash balance of $$3,000,$ and a beginning cash balance of $$500.$ The excess cash balance $($required financing$)$ for August is

a$.$ excess cash balance of $$5,500.$

b$.$ excess cash balance of $$500.$

c$.$ required total financing of $$500.$

d$.$ required total financing of $$2,500.$