Rolfe company (a u. s.-based company) has a subsidiary in nigeria where the local currency unit is the naira (ngn). on december 31, 2016, the subsidiary had the following balance sheet (amounts are in thousands (000's)): cash ngn 16,000 notes payable ngn 20,000 inventory 10,000 common stock 20,000 land 4,000 retained earnings 10,000 building 40,000 accumulated depreciation (20,000 ) ngn 50,000 ngn 50,000 the subsidiary acquired the inventory on august 1, 2016, and the land and building in 2010. it issued the common stock in 2008. during 2017, the following transactions took place:

while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.

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On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment