Update the balance sheet above to reflect the transactions below, which occur on January 6, 2018

1. Sell product for $35,000 with historical cost of $28,000

What is the final amount in Retained Earnings?

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

Acme Company* Balance Sheet As of January 5, 2018 ( amounts in thousands ) Cash 9, 000| Accounts Payable* 1, 200 Accounts Receivable* 3, 400| Debt 3, 600 Inventory 5, 100| Other Liabilities 2 , 100 Property Plant & Equipment 17, 500| Total Liabilities 6, 900 Other Assets 600| Paid - In Capital 5 , 900 Retained Earnings 22, 800 Total Equity 28, 700 Total Assets 35, 600| Total Liabilities & Equity 35, 600