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Acme CompanyBalance SheetAs of January 5 , 2 0 2 4 ( amounts in thousands ) Cash 8 , 4 0 0 Accounts Payable 2

Acme CompanyBalance SheetAs of January 5,2024(amounts in thousands)Cash8,400Accounts Payable2,800Accounts Receivable4,700Debt3,400Inventory4,200Other Liabilities900Property Plant & Equipment17,200Total Liabilities7,100Other Assets2,800Paid-In Capital6,700Retained Earnings23,500Total Equity30,200Total Assets37,300Total Liabilities & Equity37,300Update the balance sheet above to reflect the transactions below, which occur on January 6,20241. Borrow $52,000 from a bank2. Purchase equipment for $48,000 in cashWhat is the final amount in Cash?

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