Your Company is working on its cash budget for July. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $175,000 and budgeted cash disbursements total $174,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for July? O $ 45,000 O $221,000 $ 47,000 O $1,000 O $ 50,000