Acompany is preparing its their cash budget. the following data has been provided for cash receipts and payments. january february march cash receipts $1,061,200 $1,182,400 $1,091,700 cash payments $984,500 $1,210,000 $1,075,000 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 march?