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Hopewell Corporation Balance Sheet As of January 24, 2020 (amounts in thousands) Cash 12,500 Accounts Payable 2,400 Accounts Receivable 3,600 Debt 3,700 Inventory 5,200 Other

Hopewell Corporation Balance Sheet As of January 24, 2020 (amounts in thousands)
Cash 12,500 Accounts Payable 2,400
Accounts Receivable 3,600 Debt 3,700
Inventory 5,200 Other Liabilities 3,000
Property Plant & Equipment 16,700 Total Liabilities 9,100
Other Assets 600 Paid-In Capital 5,600
Retained Earnings 23,900
Total Equity 29,500
Total Assets 38,600 Total Liabilities & Equity 38,600

Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question.

Jan 25. Buy $15,000 worth of manufacturing supplies on credit Jan 26. Purchase equipment for $48,000 in cash Jan 27. Receive payment of $13,000 owed by a customer Jan 28. Issue $70,000 in stock Jan 29. Borrow $65,000 from a bank

What is the final amount in Total Liabilities?

Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars.

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