Question 12 (3 points) Use this information about Theo Company to answer the questions that follow. Theo Company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a minimum cash requirement of $340,000. The following data have been provided: Cash receipts Cash payments January $1,061,200 984,500 February $1,182,400 1,210,000 March $1,091,700 1,075,000 What is the amount of the deficiency or excess cash (after considering the minimum cash balance required) for January? excess of $26,700 deficiency of S136,700 excess of S356,700 excess of $60,000 Question 13 (2 points) Which of the following would not be used in preparing a cash budget for October? beginning cash balance on October 1 budgeted salaries expense for October estimated depreciation expense for October budgeted sales and collections for October