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Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands) Cash14,300Accounts Payable1,900Accounts Receivable4,100Debt3,200Inventory5,800Other Liabilities4,000Property Plant & Equipment14,800 Total Liabilities 9,100 Other Assets700Paid-In Capital7,700
Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands)Cash14,300Accounts Payable1,900Accounts Receivable4,100Debt3,200Inventory5,800Other Liabilities4,000Property Plant & Equipment14,800Total Liabilities9,100Other Assets700Paid-In Capital7,700 Retained Earnings22,900 Total Equity30,600Total Assets39,700Total Liabilities & Equity39,700
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023
1. Purchase equipment for $50,000 in cash 2. Borrow $67,000 from a bank 3. Issue $80,000 in stock 4. Buy $16,000 worth of manufacturing supplies on credit
What is the final amount in Inventory?
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).
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