A Company Is Preparing Its Cash Budget

A 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: ​
-The amount of the deficiency or excess cash (after considering the minimum cash balance required) for January is a(n)

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