Q: Cash Accounts Receivable Torche Corporation Balance Sheet As of March 11, 2020 (amounts in thousands) 14,700 Accounts Payable 4,800 Debt 3,800 Other Liabilities 15,800 Total Liabilities 900 Paid-In Capital Retained Earnings Total Equity 40,000 Total Liabilities & Equity 2,400 3,700 5,000 Inventory Property Plant & Equipment Other Assets 11,100 6,000 22,900 28,900 40,000 Total Assets Use T-accounts to record the transactions below, which occur on March 12, 2020, close the T-accounts, and construct a balance sheet to answer the question. 1. Sell product for $35,000 in cash with historical cost of $28,000 2. Sell, deliver, and receive payment of $20,000 for service 3. Consume good or service and pay expense of $3,000 What is the final amount in Total Liabilities & Equity? 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)