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Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 8,400 Accounts Payable 2,800 Accounts Receivable 4,700 Debt 3,400 Inventory 4,200 Other

Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands)
Cash 8,400 Accounts Payable 2,800
Accounts Receivable 4,700 Debt 3,400
Inventory 4,200 Other Liabilities 900
Property Plant & Equipment 17,200 Total Liabilities 7,100
Other Assets 2,800 Paid-In Capital 6,700
Retained Earnings 23,500
Total Equity 30,200
Total Assets 37,300 Total Liabilities & Equity 37,300

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019

1. 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.

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