On the first of the month, Jackson has $78 in his checking account. He does not add or remove any money from his account throughout the month. On the last day of the month, $200 is automatically deducted from his account to pay his cable bill. Which of the following best describes Jackson's checking account on the first day of the next month?
A. His account has a balance of $122.
B. His account has a balance of $26.
C. His account is overdrawn by $122.
D. His account is overdrawn by $26.
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