Acme Company

Balance Sheet

As of January $5,2023$

$($amounts in thousands$)$

Update the balance sheet above to reflect the transactions below,

which occur on January $6,2023$

Sell product for $$25,000$ with historical cost of $$20,000$

Sell product for $$30,000$ with historical cost of $$24,000$

Sell product for $$40,000$ with historical cost of $$32,000$

What is the final amount in Retained Earnings?