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Hopewell Corporation Balance Sheet As of March 11, 2021 (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 March 11, 2021 (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

Use T-accounts to record the transactions below, which occur on March 12, 2021, 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?

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

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

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