Gulf Shipping Company Balance Sheet As of January 3, 2021 (amounts in thousands)
Cash	14,300	Accounts Payable	1,900
Accounts Receivable	4,100	Debt	3,200
Inventory	5,800	Other Liabilities	4,000
Property Plant & Equipment	14,800	Total Liabilities	9,100
Other Assets	700	Paid-In Capital	7,700
		Retained Earnings	22,900
		Total Equity	30,600
Total Assets	39,700	Total Liabilities & Equity	39,700

Transfer the journal entries to T-accounts for the transactions below, compute closing amounts for the T-accounts, and construct a final balance sheet to answer the question.

Journal amounts in thousands

Date	Account and Explanation	Debit	Credit
Jan 4	Cash	50
	Inventory		40
	Retained Earnings		10
	Sold and delivered product to customer
Jan 5	Cash	67
	Debt		67
	Borrowed money from bank
Jan 6	Cash	80
	Paid-In Capital		80
	Issued stock
Jan 7	Inventory	16
	Accounts Payable		16
	Bought manufacturing supplies on credit
Jan 8	Accounts Payable	7
	Cash		7
	Paid money owed to supplier
Jan 9	Cash	10
	Accounts Receivable		10
	Received customer payment
Jan 10	Property, Plant & Equipment	48
	Cash		48
	Paid cash for machine

What is the final amount in Total Equity?

Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).