Use this information about Theo Company to answer the question that follows. 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: What is the amount of the deficiency or excess cash (after considering the minimum cash balance required) for January? a. deficiency of $136,700 b. excess of $26,700 c. excess of $356,700 d. excess of $60,000