Stuart Company

Balance Sheet

As of January 24, 2020

(amounts in thousands)Cash8,400Accounts Payable2,800Accounts Receivable4,700Debt3,400Inventory4,200Other Liabilities900Property Plant & Equipment17,200Total Liabilities7,100Other Assets2,800Paid-In Capital6,700Retained Earnings23,500Total Equity30,200Total Assets37,300Total Liabilities & Equity37,300

Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question.

Jan 25. Borrow $52,000 from a bank

Jan 26. Purchase equipment for $48,000 in cash

Jan 27. Issue $85,000 in stock

Jan 28. Buy $15,000 worth of manufacturing supplies on credit

Jan 29. Receive payment of $10,000 owed by a customer

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).