Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $188,000. The desired ending cash balance is $30,000.
The excess (deficiency) of cash available over disbursements for January is:
a. $23,000
b. $13,000
c. ($5,000)
d. $201,000