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Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 12,500 Accounts Payable 2,400 Accounts Receivable 3,600 Debt 3,700 Inventory 5,200 Other

Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands)
Cash 12,500 Accounts Payable 2,400
Accounts Receivable 3,600 Debt 3,700
Inventory 5,200 Other Liabilities 3,000
Property Plant & Equipment 16,700 Total Liabilities 9,100
Other Assets 600 Paid-In Capital 5,600
Retained Earnings 23,900
Total Equity 29,500
Total Assets 38,600 Total Liabilities & Equity 38,600

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

1. Sell product for $35,000 with historical cost of $28,000 2. Sell product for $20,000 with historical cost of $16,000 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.

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