Acme Company Balance Sheet As of January 5, 2018 (amounts in thousands) Cash Accounts Receivable Inventory Property Plant&Equipment Other Assets 1,500 2,900 800 5,200 7,300 23,600 30,900 36,100 9,700 Accounts Payable 4,500 Debt 3,800 Other Liabilities 16,400 Total Liabilities 1,700 Paid-In Capital Retained Earnings Total Equity Total Assets 36,100 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 2. Sell product for $35,000 with historical cost of $28,000 3. Sell product for $25,000 with historical cost of $20,000 What is the final amount in Retained Earnings? Please specify your answer in the same units as the balance sheet