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Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands) 9,100 Accounts Payable 4,400 Debt 1,900 2,400 Cash Accounts Receivable Inventory Property Plant
Acme Company Balance Sheet As of January 5, 2021 (amounts in thousands) 9,100 Accounts Payable 4,400 Debt 1,900 2,400 Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets 600 4,800 Other Liabilities 15,600 Total Liabilities 4,900 2,600 Paid-In Capital 6,900 Retained Earnings 24,700 Total Equity 31,600 36,500 Total Liabilities & 36,500 Equity Total Assets Update the balance sheet above to reflect the transactions below, which occur on January 6, 2021 1. Purchase equipment for $43,000 in cash 2. Receive payment of $11,000 owed by a customer 3. Buy $14,000 worth of manufacturing supplies on credit 4. Issue $70,000 in stock 5. Pay $8,000 owed to a supplier 6. Borrow $55,000 from a bank 7. Buy $17,000 worth of manufacturing supplies on credit What is the final amount in Inventory
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