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Use the starting balance sheet, income statement, and the list of changes to answer the question. Valley TechnologyIncome StatementJanuary 1 to March 31, 2023(amounts in

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

Valley TechnologyIncome StatementJanuary 1 to March 31, 2023(amounts in thousands)
Revenue 7,200
Expenses 3,600
Net Income 3,600

Between January 1 and March 31, 2023:

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, 2023?

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

Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet).

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