Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 14,700 Accounts Payable 4,800 Debt 3,800 Other Liabilities Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets 15,800 Total Liabilities 2,400 3,700 5,000 11,100 6,000 22,900 28,900 40,000 900 Paid-In Capital Retained Earnings Total Equity 40,000 Total Liabilities & Equity Total Assets 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 $20,000 with historical cost of $16,000 3. Sell product for $40,000 with historical cost of $32,000 What is the final amount in Retained Earnings? Please specify your answer in the same units as the balance sheet