Question
Lightspeed Industries Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 20,000 Liabilities 37,000 Other Assets 35,000 Equity 18,000 Total Assets 55,000 Total
Lightspeed Industries Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 20,000 Liabilities 37,000 Other Assets 35,000 Equity 18,000 Total Assets 55,000 Total Liabilities & Equity 55,000 Lightspeed Industries Income Statement January 1 to March 31, 2019 (amounts in thousands) Revenue 3,300 Expenses 4,900 Net Income -1,600 Between January 1 and March 31, 2019: 1. Other Assets do not change 2. Liabilities increase by $400,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000 What is the value for Cash on March 31, 2019? Please specify your answer in the same units as the financial statements.
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