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Acme Company Balance Sheet As of January 5, 2018 (amounts in thousands) Cash 13,700 Accounts Payable...

Acme Company Balance Sheet As of January 5, 2018 (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, 2018 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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