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Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash...

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Accounting

Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands)
Cash 13,700 Accounts Payable 2,000
Accounts Receivable 3,200 Debt 3,600
Inventory 5,100 Other Liabilities 900
Property Plant & Equipment 15,400 Total Liabilities 6,500
Other Assets 800 Paid-In Capital 7,200
Retained Earnings 24,500
Total Equity 31,700
Total Assets 38,200 Total Liabilities & Equity 38,200

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

1. Sell product for $40,000 with historical cost of $32,000 2. Sell product for $25,000 with historical cost of $20,000 3. Sell product for $30,000 with historical cost of $24,000

What is the final amount in Retained Earnings?

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

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