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Cash 1,900 3,600 Lightspeed Industries Balance Sheet As of March 11, 2020 (amounts in thousands) 14,100 Accounts Payable 3,200 Debt 4,900 Other Liabilities 16,300 Total

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Cash 1,900 3,600 Lightspeed Industries Balance Sheet As of March 11, 2020 (amounts in thousands) 14,100 Accounts Payable 3,200 Debt 4,900 Other Liabilities 16,300 Total Liabilities 500 Paid-In Capital Retained Earnings Total Equity 39,000 Total Liabilities & Equity Accounts Receivable Inventory Property Plant & Equipment Other Assets 2,000 7,500 7,200 24,300 31,500 39,000 Total Assets Use T-accounts to record the transactions below, which occur on March 12, 2020, close the T-accounts, and construct a balance sheet to answer the question. 1. Sell, deliver, and receive payment of $20,000 for service 2. Consume good or service and pay expense of $3,000 3. Sell product for $25,000 in cash with historical cost of $20,000 What is the final amount in Total Assets? Please specify your answer in the same units as the balance sheet

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