Question: 1 2 3 4 5 6 7 All Nippon Technology Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 13,700 Accounts Payable 2,000

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Nippon Technology Balance Sheet As of March 11, 2020 (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

Use T-accounts to record the transactions below, which occur on March 12, 2020, close the T-accounts, and construct a balance sheet to answer the question.

1. Sell, deliver, and receive payment of $20,000 for service 2. Consume good or service and pay expense of $2,000 3. Sell product for $25,000 in cash with historical cost of $20,000

What is the final amount in Total Assets?

Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars.

Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).

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