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Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet As of December 31, 2017
Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet As of December 31, 2017 (amounts in thousands) Cash Other Assets Total Assets 29,000 Liabilities 26,000 Equity 55,000 Total Liabilities & Equity 33,000 22,000 55,000 Dansko Integrated Income Statement January 1 to March 31, 2018 (amounts in thousands) Revenue Expenses Net Income 7,100 2,800 4,300 Between January 1 and March 31, 2018: 1. Cash increases by $200,000 2. Other Assets decrease by $100,000 3. Paid-In Capital does not change 4. Dividends paid of $200,000 What is the value for Liabilities on March 31, 2018? Please specify your answer in the same units as the financial statements
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