Siam Traders

Balance Sheet

As of March $11,2024$

$($amounts in thousands$)$

Cash $9,100$ Accounts Payable $1,900$

Accounts Receivable $4,400$ Debt $2,400$

Inventory $4,800$ Other Liabilities $600$

Property Plant & Equipment $15,600$ Total Liabilities $4,900$

Other Assets $2,600$ Paid$-$In Capital $6,900$

Retained Earnings $24,700$

Total Equity $31,600$

Total Assets $36,500$ Total Liabilities & Equity $36,500$

Use T$-$accounts to record the transactions below, which occur on March $12,2024,$ close the T$-$accounts, and construct a balance sheet to answer the question.

$1.$ Sell product for $$30,000$ in cash with historical cost of $$24,000$

$2.$ Sell, deliver, and receive payment of $$40,000$ for service

$3.$ Consume good or service and pay expense of $$2,000$

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$).$