Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) Cash 1,200 Accounts Receivable 3,600 Inventory Property Plant & Equipment 9,000 Accounts Payable 3,400 Debt 5,100 Other Liabilities 17,500 Total Liabilities 600 Paid-In Capital Retained Earnings Total Equity 35,600 Total Liabilities & Equity Other Assets 2,100 6,900 5,900 22,800 28,700 35,600 Total Assets 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? Please specify your answer in the same units as the balance sheet