Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Dansko Integrated Balance Sheet As of December 31, 2021 (amounts in thousands)

Cash 2,900 Liabilities 3,300 Other Assets 2,600 Equity 2,200 Total Assets 5,500 Total Liabilities & Equity 5,500

Between January 1 and March 31, 2022: 1. Cash increases by $200,000 2. Other Assets decrease by $100,000 3. Equity does not change What is the value for Liabilities on March 31, 2022? 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).

I think the answer is $3400, but want to confirm.