Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash What is the final amount in Cash?

Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 8,400 Accounts Payable Cash 2,800 Accounts Receivable 4,700 Debt 3,400 4,200 Other Liabilities 900 Inventory Property Plant & Equipment 17,200 Total Liabilities 7,100 Other Assets 6,700 23,500 2,800 Paid-In Capital Retained Earnings Total Equity 37,300 Total Liabilities & Equity 30,200 Total Assets 37,300 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash What is the final amount in Cash