Hopewell Corporation Balance Sheet As of January 3, 2018 (amounts in thousands) 12,500 Accounts Payable 2,400 3,700 3,000 9,100 5,600 23,900 29,500 38,600 Cash Accounts Receivable 3,600 Debt Inventory Property Plant & Equipment Other Assets 5,200 Other Liabilities 16,700 Total Liabilities 600 Paid-In Capital Retained Earnings Total Equity Total Assets 38,600 Total Liabilities & Equity 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 4Inventory 15 Accounts Payable Bought manufacturing supplies on credit 15 Jan 5Cash 48 Inventory 38