5. The following information relates to Young Company for April of this year:

(10)

Opening cash balance $30,000

Depreciation expense 9,000

Dividends paid 22,000

Cash collections 70,500

Equipment purchased for cash 10,000

Cash operating expense 35,500

Merchandise paid for 18,000

Required:

What will be Young's cash balance on April 30? (No financing will be needed.)