Stuart Company

Balance Sheet

As of March 11, 2018

(amounts in thousands)

Cash 8,400 Accounts Payable 2,800

Accounts Receivable 4,700 Debt 3,400

Inventory 4,200 Other Liabilities 900

Property, Plant, & Equipment 17,200 Total Liabilities 7,100

Other Assets 2,800 Paid-in Capital 6,700

Retained Earnings 23,500

Total Assets 37,300 Total Equity 30,200

Total Liabilities & Equity 37,300

Use T-accounts to record the transactions below, which occur on March 12, 2018, close the T-accounts, and construct a balance sheet to answer the question. 1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash 3. Issue $85,000 in stock What is the final amount in Total Assets? Please specify your answer in the same units as the balance sheet.