Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023 1. Purchase equipment for $43,000 in cash 2. Receive payment of $11,000 owed by a customer 3. Buy $14,000 worth of manufacturing supplies on credit 4. Issue $70,000 in stock 5. Pay $8,000 owed to a supplier 6. Borrow $55,000 from a bank 7. Buy $17,000 worth of manufacturing supplies on credit

Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands)Cash9,100Accounts Payable1,900Accounts Receivable4,400Debt2,400Inventory4,800Other Liabilities600Property Plant & Equipment15,600Total Liabilities4,900Other Assets2,600Paid-In Capital6,900Retained Earnings24,700Total Equity31,600Total Assets36,500Total Liabilities & Equity36,500