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 has been provided: What is the amount of cash excess or deficiency (after considering the minimum cash balance required) for March?

A) excess of $214,200
B) excess of $15,800
C) deficiency of $60,000
D) excess of $25,300