Nippon Technology Balance Sheet As of January 3, 2020 (amounts in thousands) Cash13,700Accounts Payable2,000 Accounts Receivable3,200Debt3,600 Inventory5,100Other Liabilities900 Property Plant & Equipment15,400Total Liabilities6,500 Other Assets800Paid-In Capital7,200 Retained Earnings24,500 Total Equity31,700 Total Assets38,200Total Liabilities & Equity38,200 Transfer the journal entries to T-accounts for the transactions below, compute closing amounts for the T-accounts, and construct a final balance sheet to answer the question. Journal amounts in thousands DateAccount and ExplanationDebitCredit Jan 4Cash12 Inventory 10 Retained Earnings 2 Sold and delivered product to customer Jan 5Property, Plant & Equipment45 Cash 45 Paid cash for machine Jan 6Cash85 Paid-In Capital 85 Issued stock Jan 7Cash67 Debt 67 Borrowed money from bank Jan 8Inventory17 Accounts Payable 17 Bought manufacturing supplies on credit Jan 9Accounts Payable7 Cash 7 Paid money owed to supplier Jan 10Cash11 Accounts Receivable 11 Received customer payment What is the final amount in Total Liabilities & Equity?