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Hopewell Corporation Balance Sheet As of March 11, 2018 (amounts in thousands) 2,400 3,700 3,000 9,100 5,600 23,900 29,500 38,600 Cash Accounts Receivable Inventory Property

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Hopewell Corporation Balance Sheet As of March 11, 2018 (amounts in thousands) 2,400 3,700 3,000 9,100 5,600 23,900 29,500 38,600 Cash Accounts Receivable Inventory Property Plant & Equipment 12,500 Accounts Payable 3,600 Debt 5,200 Other Liabilities 16,700 Total Liabilities Other Assets 600 Paid-In Capital Retained Earnings Total Equity Total Assets 38,600 Total Liabilities & Equity Use T-accounts to record the transactions below, which occur on March 12, 2018, close the T-accounts, and construct a balance sheet to answer the question. 1. Consume good or service and pay expense of $3,000 2. Sell product for $20,000 in cash with historical cost of $16,000 3. Sell, deliver, and receive payment of $35,000 for service What is the final amount in Total Assets? Please specify your answer in the same units as the balance sheet

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