Torche Corporation Balance Sheet As of January 3, 2018 (amounts in thousands)
Cash	14,700	Accounts Payable	2,400
Accounts Receivable	4,800	Debt	3,700
Inventory	3,800	Other Liabilities	5,000
Property Plant & Equipment	15,800	Total Liabilities	11,100
Other Assets	900	Paid-In Capital	6,000
		Retained Earnings	22,900
		Total Equity	28,900
Total Assets	40,000	Total Liabilities & Equity	40,000

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

Date	Account and Explanation	Debit	Credit
Jan 4	Cash	12
	Accounts Receivable		12
	Received customer payment
Jan 5	Cash	15
	Inventory		12
	Retained Earnings		3
	Sold and delivered product to customer
Jan 6	Property, Plant & Equipment	44
	Cash		44
	Paid cash for machine
Jan 7	Cash	80
	Paid-In Capital		80
	Issued stock
Jan 8	Accounts Payable	4
	Cash		4
	Paid money owed to supplier
Jan 9	Cash	58
	Debt		58
	Borrowed money from bank
Jan 10	Inventory	15
	Accounts Payable		15
	Bought manufacturing supplies on credit

What is the final amount in Total Liabilities & Equity?

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