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

January $6,2023$

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$).$