Hello - How do I work through this problem? It is possible to use excel?

Guff Shipping Company Balance Sheet As of March 11, 2018 (amounts in thousands) Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets 14,300 4,100 5,800 14,800 700 39,700 Accounts Payable Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings Total Equity Total Liabilities & Equity 1,900 3,200 4,000 9,100 7,700 22,900 30,600 39,700 Use T-accounts to record the transactions below, which occur on March 12, 2018, close the T-accounts, and construct a balance sheet to answer the question. 1. Sell, deliver, and receive payment of $25,000 for service 2. Consume good or service and pay expense of $1,000 3. Sell product for $30,000 in cash with historical cost of $24,000 What is the final amount in Total Liabilities & Equity? Please specify your answer in the same units as the balance sheet.