A Company Is Preparing Its Their Cash Budget

A company is preparing its their Cash Budget. The following data has been provided for cash receipts and payments. The company's cash balance at January 1st is $290,000. This company desires a minimum cash balance of $340,000.
What is the amount of excess cash or deficiency of cash (after considering the minimum cash balance required) for January?

A) $26,700 excess
B) $136,700 deficiency
C) $356,700 excess
D) $60,000 excess