Acme Company

Balance Sheet

As of January 5, 2020

(amounts in thousands)Cash8,400Accounts Payable2,800Accounts Receivable4,700Debt3,400Inventory4,200Other Liabilities900Property Plant & Equipment17,200Total Liabilities7,100Other Assets2,800Paid-In Capital6,700Retained Earnings23,500Total Equity30,200Total Assets37,300Total Liabilities & Equity37,300

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

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

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

3. Sell product for $20,000 with historical cost of $16,000

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).