Part 1)

If Total Assets are $3,500 and Total Liabilities is $2,500 then what is the value of Total Equity?

Part 2)

Fill in the missing information from the balance sheet. Valley Technology Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 2,100 Liabilities 3,200 Other Assets Equity 2,700 Total Assets Total Liabilities & Equity What is the value for Other Assets? Please specify your answer in the same units as the balance sheet (i.e., enter the number from your completed balance sheet).Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Hopewell Corporation Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 2,900 Liabilities 2,400 Other Assets 3,700 Equity 4,200 Total Assets 6,600 Total Liabilities & Equity 6,600 Between January 1 and March 31, 2020: 1. Cash decreases by $300,000 2. Liabilities increase by $400,000 3. Equity decreases by $200,000 What is the value for Other Assets on March 31, 2020? Note: Account change 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)