Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 12,500 Accounts Payable 3,600 Debt 5,200 Other Liabilities 16,700 Total Liabilities 600 Paid-In Capital Retained Earnings Total Equity 38,600 Total Liabilities & Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Sell product for $35,000 with historical cost of $28,000 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). 2,400 3,700 3,000 9,100 5,600 23,900 29,500 38,600