You are preparing the cash budget for the next 12 months from January to December. In January, the net cash flow generated is - $100,000 (Minus $100,000) & the beginning cash balance is $ 70,000. If the minimum cash balance should be $10,000 in January you have Select one a a surplus of $40,000 b. a deficit of $20,000 c. a deficit of $40,000 d a surplus of $20.000 e None of the above is correct