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Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019 1. Issue $80,000 in stock 2. Purchase equipment for

Update the balance sheet above to reflect the transactions below, which occur on January 6, 2019

1. Issue $80,000 in stock
2. Purchase equipment for $45,000 in cash

What is the final amount in Cash?

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

Acme Company
Balance Sheet
As of January 5, 2019
(amounts in thousands)
Cash9,100Accounts Payable1,900
Accounts Receivable4,400Debt2,400
Inventory4,800Other Liabilities600
Property Plant & Equipment15,600Total Liabilities4,900
Other Assets2,600Paid-In Capital6,900
Retained Earnings24,700
Total Equity31,600
Total Assets36,500Total Liabilities & Equity36,500

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