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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. Valley Technology Balance Sheet
Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Valley Technology Balance Sheet As of December 31, 2022 (amounts in thousands) Cash 2,200 Liabilities 3,600 Other Assets 2,800 Equity 1,400 Total Assets 5,000 Total Liabilities & Equity 5,000 Between January 1 and March 31, 2023: 1. Cash decreases by $200,000 2. Liabilities decrease by $100,000 3. Equity increases by $400,000 What is the value for Other Assets on March 31, 2023? 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 shee
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