Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Gulf Shipping Company Balance Sheet As of March 11, 2020 (amounts in thousands) 14,300 Accounts Payable 4,100 Debt 5,800 Other Liabilities 14,800 Total Liabilities 700 Paid-In Capital Retained Earnings Total Equity 39,700 Total Liabilities & Equity 1,900 3,200 4,000 9,100 7,700 22,900 30,600 39,700 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. Purchase equipment for $50,000 in cash 2. Borrow $67,000 from a bank 3. Issue $80,000 in stock 4. Buy $16,000 worth of manufacturing supplies on credit 5. Pay $7,000 owed to a supplier What is the final amount in Total Equity? 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 (l.e., enter the number from your updated balance sheet)