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Use the starting balance sheet and statement of cash flows to answer the question. Gulf Shipping Company Balance Sheet As of December 31, 2019 (amounts

Use the starting balance sheet and statement of cash flows to answer the question.

Gulf Shipping Company Balance Sheet As of December 31, 2019 (amounts in thousands)
Cash 143,000 Accounts Payable 19,000
Accounts Receivable 41,000 Debt 32,000
Inventory 58,000 Other Liabilities 40,000
Property Plant & Equipment, Gross 210,000 Total Liabilities 91,000
Accumulated Depreciation 62,000 Paid-In Capital 77,000
Property Plant & Equipment, Net 148,000 Retained Earnings 229,000
Other Assets 7,000 Total Equity 306,000
Total Assets 397,000 Total Liabilities & Equity 397,000
Gulf Shipping Company Statement of Cash Flows January 1 to March 31, 2020 (amounts in thousands)
Net Income 6,800
Depreciation 1,300
Decrease (Increase) in Accounts Receivable 200
Decrease (Increase) in Inventory (700)
Increase (Decrease) in Accounts Payable 500
Other Adjustments 0
Net Cash Flow from Operating Activities 8,100
Purchase of Property, Plant, & Equipment (8,500)
Other Adjustments 0
Net Cash Flow from Investing Activities (8,500)
Increase (Decrease) in Debt 900
Dividends (600)
Other Adjustments 0
Net Cash Flow from Financing Activities 300
Net Cash Flow (100)

What is the value for Total Liabilities & Equity on March 31, 2020?

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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