Getting Started Consulting began operations on January $1,2024,$ as a sole proprietorship. During the first month of

operations, the business conducted the following transactions.

$1.$ The owner, Gina Stanford, contributed $$10,000$ to the business.

$2.$ The business purchased $$10,000$ of computer equipment on account.

$3.$ The business performed $$7,500$ in consultins services, and billed the client for the work completed.

$4.$ The business paid staff consultants $$5,000$ in salaries, $$1,350$ for rent, and $$150$ in utilities.

$5.$ The business paid $$2,500$ on account.

Requirement A: What is the cash balance at the end of January?