Pigeon Centre Ltd. (PCL) reported the following data at March 31, 2020, with amounts in thousands:

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Data table Retained earnings, March 31, 2019 Accounts receivable S 1.300 Cost of goods sold 27,800 Cash 175,500 Property and equipment, net 52.300 Share capital 41,000 Inventories $ 4,600 Long-term liabilities 24,200 Dividends 120,000 1,200 7,200 Net revenues... Total current liabilities 27,500 All other expenses. 35,000 Other current assets 4,400 Other assets.... 0 The financial statements show the Retained Earnings ending balance at March 31, 2020, as $15,800. X