Light as a Feather Inc makes running shoes and they have gathered the following data for the month of October:

	Data
Cash on 10/1	$15,000
Expected Cash Collections	$453,000
Direct Materials Cash Disbursements	$87,000
Direct Labor Cash Disbursements	$32,000
MOH Cash Disbursements	$26,000
Operating Expenses Cash Disbursements	$115,000
Capital Expenditures Cash Disbursements	$205,000

Light as a Feather Inc requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. What is the company's cash excess or cash deficiency at the end of October?

A.

$15,000

cash excess

B.

$12,000 cash deficiency

C.

$3,000

cash deficiency

D.

$3,000

cash excess