Hopewell Corporation

Balance Sheet

As of January 3, 2020

(amounts in thousands) Cash12,500Accounts Payable2,400 Accounts Receivable3,600Debt3,700 Inventory5,200Other Liabilities3,000 Property Plant & Equipment16,700Total Liabilities9,100 Other Assets600Paid-In Capital5,600 Retained Earnings23,900 Total Equity29,500 Total Assets38,600Total Liabilities & Equity38,600

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

DateAccount and ExplanationDebitCredit Jan 4Inventory15 Accounts Payable15 Bought manufacturing supplies on credit Jan 5Cash48 Inventory38 Retained Earnings10 Sold and delivered product to customer Jan 6Cash13 Accounts Receivable13 Received customer payment Jan 7Cash70 Paid-In Capital70 Issued stock Jan 8Cash65 Debt65 Borrowed money from bank Jan 9Accounts Payable5 Cash5 Paid money owed to supplier Jan 10Property, Plant & Equipment42 Cash42 Paid cash for machine

What is the final amount in Total Liabilities?