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Use the starting balance sheet and statement of cash flows to answer the question. Ruston Company Balance Sheet As of December 31, 2021 (amounts in
Use the starting balance sheet and statement of cash flows to answer the question.
Ruston Company Balance Sheet As of December 31, 2021 (amounts in thousands) | |||
---|---|---|---|
Cash | 90,000 | Accounts Payable | 12,000 |
Accounts Receivable | 34,000 | Debt | 36,000 |
Inventory | 51,000 | Other Liabilities | 21,000 |
Property Plant & Equipment, Gross | 230,000 | Total Liabilities | 69,000 |
Accumulated Depreciation | 55,000 | Paid-In Capital | 59,000 |
Property Plant & Equipment, Net | 175,000 | Retained Earnings | 228,000 |
Other Assets | 6,000 | Total Equity | 287,000 |
Total Assets | 356,000 | Total Liabilities & Equity | 356,000 |
Ruston Company Statement of Cash Flows January 1 to March 31, 2022 (amounts in thousands) | |
---|---|
Net Income | 5,800 |
Depreciation | 1,300 |
Decrease (Increase) in Accounts Receivable | (600) |
Decrease (Increase) in Inventory | 1,000 |
Increase (Decrease) in Accounts Payable | 300 |
Other Adjustments | 0 |
Net Cash Flow from Operating Activities | 7,800 |
Purchase of Property, Plant, & Equipment | (8,300) |
Other Adjustments | 0 |
Net Cash Flow from Investing Activities | (8,300) |
Increase (Decrease) in Debt | 700 |
Dividends | (500) |
Other Adjustments | 0 |
Net Cash Flow from Financing Activities | 200 |
Net Cash Flow | (300) |
What is the value for Total Assets on March 31, 2022?
Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet).
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