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Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 9,100 Accounts Payable 1,900 Accounts Receivable 4,400 Debt 2,400 Inventory 4,800 Other

Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands)

Cash 9,100 Accounts Payable 1,900

Accounts Receivable 4,400 Debt 2,400

Inventory 4,800 Other Liabilities 600

Property Plant & Equipment 15,600 Total Liabilities 4,900

Other Assets 2,600 Paid-In Capital 6,900

Retained Earnings 24,700

Total Equity 31,600

Total Assets 36,500 Total Liabilities & Equity 36,500

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

2. Sell product for $30,000 with historical cost of $24,000

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

What is the final amount in Retained Earnings?

Please specify your answer in the same units as the balance sheet.

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