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Your company makes infant and toddler car seats. In January 2 0 2 3 , you purchased $ 2 7 5 k in raw materials

Your company makes infant and toddler car seats. In January 2023, you purchased $275k in raw materials (plastic, fasteners, buckles, fabric, etc) from various suppliers and made 1k car seats. In June 2023, you then sold 1k car seats to customers for at a price of $500 a piece. In December 2023, you finally received payment from the customers, which totalled $500k. How much did the asset side of your balance sheet increase in June 2023 when you made the sale (in thousands of dollars)?

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