L'Avenir de Foot LLC conducts in-residence training for youth soccer players. As of the start of the current month, April, the LLC's balance sheet was as follows: Assets Cash $16,000 Accounts Receivable $8,000 Property $11,000 Liabilities Accounts Payable $9,000 Business Loan Payable $12,000 Owner's Equity $14.000 The following transactions take place in the current month (April): A new coach is hired. She will start work on May 15. In April, the LLC pays her an up-front signing bonus of $1,000. Buys office supplies for $1,000, which will be paid in May. Collects $7,000 of the amounts due at the end of the last month. Pays $8,000 of accounts payable from last month. Makes a $1,000 payment on the business loan. The current year is interest free. Bills $8,000 to clients for camps completed in April, with due dates no earlier than May 10. The LLC pays coaching salaries of $4,000. Outfits its stadium with a new scoreboard at a cost of $6,000, which will be paid after the close of the current month. The scoreboard is expected to have a 10-year useful life. 1. What is the balance in the Cash account at the end of April? 8.000