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Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022 1. Sell product for $40,000 with historical cost of

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Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022 1. Sell product for $40,000 with historical cost of $32,000 What is the final amount in Retained Earnings? 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)

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