Acme Company

Balance Sheet

As of January $5,2023$

$($amounts in thousands$)$

Cash $14,700$ Accounts Payable $2,400$

Accounts Receivable $4,800$ Debt $3,700$

Inventory $3,800$ Other Liabilities $5,000$

Property Plant & Equipment $15,800$ Total Liabilities $11,100$

Other Assets $900$ Paid$-$In Capital $6,000$

Retained Earnings $22,900$

Total Equity $28,900$

Total Assets $40,000$ Total Liabilities & Equity $40,000$

Update the balance sheet above to reflect the transactions below, which occur on January $6,2023$

$1.$ Sell product for $$25,000$ with historical cost of $$20,000$

What is the final amount in Retained Earnings?