Balance Sheet 2 Q1

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2018

1. Borrow $52,000 from a bank

2. Purchase equipment for $48,000 in cash

What is the final amount in Cash?

Please specify your answer in the same units as the balance sheet.

Acme Company* Balance Sheet AS Of January 5, 2018 ( amounts in thousands) Cash 8 , 400| Accounts Payable* 2, 800 Accounts Receivable* 4, 700| Debt 3 , 400 Inventory 4, 200| Other Liabilities 900 Property Plant & Equipment* 17, 200| Total Liabilities 7, 100 Other Assets 2, 800| Paid - In Capital 6, 700 Retained Earnings 23, 500 Total Equity 30 , 200 Total Assets 37, 300| Total Liabilities & Equity* 37 , 300