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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