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Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands) Cash 14,700 Accounts Payable 2,400 Accounts Receivable 4,800 Debt 3,700 Inventory 3,800 Other

Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands)
Cash 14,700 Accounts Payable 2,400
Accounts Receivable 4,800 Debt 3,700
Inventory 3,800 Other Liabilities 5,000
Property Plant & Equipment 15,800 Total Liabilities 11,100
Other Assets 900 Paid-In Capital 6,000
Retained Earnings 22,900
Total Equity 28,900
Total Assets 40,000 Total Liabilities & Equity 40,000

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2021

1. Receive payment of $12,000 owed by a customer 2. Buy $15,000 worth of manufacturing supplies on credit 3. Purchase equipment for $44,000 in cash 4. Issue $80,000 in stock 5. Pay $4,000 owed to a supplier 6. Borrow $58,000 from a bank 7. Buy $15,000 worth of manufacturing supplies on credit

What is the final amount in Accounts Payable?

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