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Acme Company Balance Sheet As of January 5, 2022 (amounts in thousands) Cash 9,100 Accounts Payable Accounts Receivable 4,400 Debt Inventory 4,800 Other Liabilities Property
Acme Company Balance Sheet As of January 5, 2022 (amounts in thousands) Cash 9,100 Accounts Payable Accounts Receivable 4,400 Debt Inventory 4,800 Other Liabilities Property Plant & Equipment 15,600 Total Liabilities Other Assets 2,600 Paid-In Capital Retained Earnings Total Equity Total Assets 36,500 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022 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 $40,000 with historical cost of $32,000 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). 1,900 2,400 600 4,900 6,900 24,700 31,600 36,500
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