Cash 1,900 Accounts Receivable Acme Company Balance Sheet As of January 5, 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 Inventory Property Plant & Equipment Other Assets 3,600 2,000 7,500 7,200 24,300 31,500 39,000 Total Equity Total Assets 39,000 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. 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)