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Torche Corporation Balance Sheet As of December 31, 2017 (amounts in thousands) 30,000 Liabilities 24,000 Equity 33,000 21,000 54,000 Cash Other Assets Total Assets 54,000
Torche Corporation Balance Sheet As of December 31, 2017 (amounts in thousands) 30,000 Liabilities 24,000 Equity 33,000 21,000 54,000 Cash Other Assets Total Assets 54,000 Total Liabilities & Equity Torche Corporation Income Statement January 1 to March 31, 2018 (amounts in thousands) Revenue Expenses Net Income 4,900 3,600 1,300 Between January 1 and March 31, 2018 1. Cash increases by $100,000 2. Liabilities increase by $300,000 3. Paid-In Capital does not change 4.Dividends paid of $300,000 What is the value for Other Assets on March 31, 2018
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