Siam Traders

Balance Sheet

As of January 3, 2019

(amounts in thousands)

Cash9,100Accounts

Payable1,900Accounts

Receivable4,400

Debt2,400

Inventory4,800

Other Liabilities600

Property Plant & Equipment15,600

Total Liabilities4,900

Other Assets2,600

Paid-In Capital6,900

Retained Earnings24,700

Total Equity31,600

Total Assets36,500

Total Liabilities & Equity36,500

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 ExplanationDebitCredit

Jan 4

Property, Plant & Equipment43

Cash43

Paid cash for machine

Jan 5

Cash11

Accounts Receivable 11

Received customer payment

Jan 6

Cash14

Inventory 11

Retained Earnings 3

Sold and delivered product to customer

Jan 7

Cash70

Paid-In Capital 70

Issued stock

Jan 8

Accounts Payable 8

Cash 8

Paid money owed to supplier

Jan 9

Cash 55

Debt 55

Borrowed money from bank

Jan 10

Inventory 17

Accounts Payable 17

Bought manufacturing supplies on credit

What is the final amount in Total Equity?

Please specify your answer in the same units as the balance sheet.