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Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 14,700 Accounts Payable 2,400 4,800 Debt 3,700 Accounts Receivable 3,800 Other Liabilities

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Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 14,700 Accounts Payable 2,400 4,800 Debt 3,700 Accounts Receivable 3,800 Other Liabilities 5,000 15,800 Total Liabilities 11,100 Inventory Property Plant & Equipment Other Assets 900 Paid-In Capital 6,000 Retained Earnings 22,900 Total Equity 28,900 40,000 Total Liabilities & 40,000 Equity Total Assets Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Receive payment of $12,000 owed by a customer 2. Buy $15,000 worth of manufacturing supplies on credit 3. Purchase equipment for $44,000 in cash 4. Issue $80,000 in stock 5. Pay $4,000 owed to a supplier 6. Borrow $58,000 from a bank 7. Buy $15,000 worth of manufacturing supplies on credit What is the final amount in Accounts Payable

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