Acme Company

Balance Sheet

As of January 5, 2020

(amounts in thousands)Cash14,100Accounts Payable1,900Accounts Receivable3,200Debt3,600Inventory4,900Other Liabilities2,000Property Plant & Equipment16,300Total Liabilities7,500Other Assets500Paid-In Capital7,200Retained Earnings24,300Total Equity31,500Total Assets39,000Total Liabilities & Equity39,000

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020

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

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

3. Sell product for $25,000 with historical cost of $20,000

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).