Acme Company

Balance Sheet

As of January 5, 2020

(amounts in thousands)Cash12,500Accounts Payable2,400Accounts Receivable3,600Debt3,700Inventory5,200Other Liabilities3,000Property Plant & Equipment16,700Total Liabilities9,100Other Assets600Paid-In Capital5,600Retained Earnings23,900Total Equity29,500Total Assets38,600Total Liabilities & Equity38,600

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

1. 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).