Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash Accounts Receivable Inventory 14,300 Accounts Payable 1,900 4,100 Debt 3,200 5,800 Other Liabilities 4,000 Property Plant & Equipment 14,800 Total Liabilities 9,100 Other Assets Total Assets 700 Paid-In Capital Retained Earnings Total Equity 39,700 Total Liabilities & Equity 7,700 22,900 30,600 39,700 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Sell product for $20,000 with historical cost of $16,000 2. Sell product for $30,000 with historical cost of $24,000 3. Sell product for $35,000 with historical cost of $28,000 What is the final amount in Retained Earnings? Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars. Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).