Acme Company Balance Sheet As of January 5, 2018 (amounts in thousands) Cash Accounts Receivable Inventory Property Plant&Equipment Other Assets 1,900 3,200 4,000 9,100 7,700 22,900 30,600 39,700 14,300 Accounts Payable 4,100 Debt 5,800 Other Liabilities 14,800 Total Liabilities 700 Paid-In Capital Retained Earnings Total Equity Total Assets 39,700 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2018 1. Sell product for $20,000 with historical cost of $16,000 What is the final amount in Retained Earnings? Please specify your answer in the same units as the balance sheet