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Valley Technology Balance Sheet As of March 11, 2019 (amounts in thousands) Cash 9,700 Accounts Payable 1,500 Accounts Receivable 4,500 Debt 2,900 Inventory 3,800 Other

Valley Technology Balance Sheet As of March 11, 2019 (amounts in thousands)
Cash 9,700 Accounts Payable 1,500
Accounts Receivable 4,500 Debt 2,900
Inventory 3,800 Other Liabilities 800
Property Plant & Equipment 16,400 Total Liabilities 5,200
Other Assets 1,700 Paid-In Capital 7,300
Retained Earnings 23,600
Total Equity 30,900
Total Assets 36,100 Total Liabilities & Equity 36,100

Use T-accounts to record the transactions below, which occur on March 12, 2019, close the T-accounts, and construct a balance sheet to answer the question.

1. Sell product for $30,000 in cash with historical cost of $24,000 2. Sell, deliver, and receive payment of $40,000 for service 3. Consume good or service and pay expense of $2,000

What is the final amount in Total Liabilities & Equity?

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