Acme Company

Balance Sheet

As of January $5,2024$

$($amounts in thousands$)$Cash$13,700$Accounts Payable$2,000$Accounts Receivable$3,200$Debt$3,600$Inventory$5,100$Other Liabilities$900$Property Plant & Equipment$15,400$Total Liabilities$6,500$Other Assets$800$Paid$-$In Capital$7,200$Retained Earnings$24,500$Total Equity$31,700$Total Assets$38,200$Total Liabilities & Equity$38,200$

Update the balance sheet above to reflect the transactions below, which occur on January $6,2024$

$1.$ Sell product for $$40,000$ with historical cost of $$32,000$

What is the final amount in Retained Earnings?

Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars.

Please specify your answer in the same units as the balance sheet $($i$.$e$.,$ enter the number from your updated balance sheet$).$