Ruston Company

Balance Sheet

As of January 3, 2020

(amounts in thousands)Cash9,000Accounts Payable1,200Accounts Receivable3,400Debt3,600Inventory5,100Other Liabilities2,100Property Plant & Equipment17,500Total Liabilities6,900Other Assets600Paid-In Capital5,900Retained Earnings22,800Total Equity28,700Total Assets35,600Total Liabilities & Equity35,600

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 ExplanationDebitCreditJan 4Cash55Debt55Borrowed money from bankJan 5Inventory14Accounts Payable14Bought manufacturing supplies on creditJan 6Accounts Payable7Cash7Paid money owed to supplierJan 7Cash12Inventory10Retained Earnings2Sold and delivered product to customerJan 8Cash75Paid-In Capital75Issued stockJan 9Property, Plant & Equipment44Cash44Paid cash for machineJan 10Cash13Accounts Receivable13Received customer payment

What is the final amount in Total Assets?

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