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Use the starting balance sheet, income statement, and the list of changes to answer the question. Siam Traders Balance Sheet As of December 31, 2016

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

Siam Traders Balance Sheet As of December 31, 2016 (amounts in thousands)
Cash 28,000 Liabilities 27,000
Other Assets 35,000 Equity 36,000
Total Assets 63,000 Total Liabilities & Equity 63,000
Siam Traders Income Statement January 1 to March 31, 2017 (amounts in thousands)
Revenue 3,700
Expenses 5,000
Net Income -1,300

Between January 1 and March 31, 2017:

1. Other Assets do not change 2. Liabilities decrease by $200,000 3. Paid-In Capital does not change 4. Dividends paid of $500,000

What is the value for Cash on March 31, 2017?

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