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1 2 3 4 5 6 All Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 9,900 Accounts Payable 2,700 Accounts
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Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) | |||
---|---|---|---|
Cash | 9,900 | Accounts Payable | 2,700 |
Accounts Receivable | 4,500 | Debt | 3,500 |
Inventory | 3,800 | Other Liabilities | 1,000 |
Property Plant & Equipment | 16,800 | Total Liabilities | 7,200 |
Other Assets | 1,600 | Paid-In Capital | 8,000 |
Retained Earnings | 21,400 | ||
Total Equity | 29,400 | ||
Total Assets | 36,600 | Total Liabilities & Equity | 36,600 |
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020
1. Sell product for $35,000 with historical cost of $28,000 2. Sell product for $20,000 with historical cost of $16,000 3. Sell product for $25,000 with historical cost of $20,000
What is the final amount in Retained Earnings?
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