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Use the starting balance sheet, income statement, and the list of changes to answer the question. Valley Technology Balance Sheet As of December 31, 2019

Use the starting balance sheet, income statement, and the list of changes to answer the question.

Valley Technology
Balance Sheet
As of December 31, 2019
(amounts in thousands)
Cash22,000Liabilities36,000
Other Assets28,000Equity14,000
Total Assets50,000Total Liabilities & Equity50,000
Valley Technology
Income Statement
January 1 to March 31, 2020
(amounts in thousands)
Revenue7,200
Expenses3,600
Net Income3,600

Between January 1 and March 31, 2020:

1. Cash decreases by $200,000
2. Liabilities decrease by $100,000
3. Paid-In Capital does not change
4. Dividends paid of $400,000 

What is the value for Other Assets on March 31, 2020?

Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars.

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