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Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Lightspeed Industries Balance Sheet
Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Lightspeed Industries Balance Sheet As of December 31, 2020 (amounts in thousands) Cash 2,000 Liabilities 3,700 1,800 Other Assets Total Assets 3,500 Equity 5,500 Total Liabilities & Equity 5,500 Between January 1 and March 31, 2021: 1. Other Assets do not change 2. Liabilities increase by $400,000 3. Equity decreases by $200,000 What is the value for Cash on March 31, 2021? 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)
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