1,200 Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) 9,000 Accounts Payable 3,400 Debt 5,100 Other Liabilities 17,500 Total Liabilities 600 Paid-In Capital Retained Earnings Total Equity 35,600 Total Liabilities & Equity 3,600 2,100 6,900 5,900 22,800 28,700 35,600 Total Assets Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019 1. Sell product for $35,000 with historical cost of $28,000 What is the final amount in Retained Earnings? Please specify your answer in the same units as the balance sheet