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Use the starting balance sheet, income statement, and the list of changes to answer the question. Nippon Technology Balance Sheet As of December 31, 2022

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

Nippon Technology Balance Sheet As of December 31, 2022 (amounts in thousands)
Cash 37,000 Liabilities 24,000
Other Assets 39,000 Equity 52,000
Total Assets 76,000 Total Liabilities & Equity 76,000
Nippon Technology Income Statement January 1 to March 31, 2023 (amounts in thousands)
Revenue 5,800
Expenses 3,400
Net Income 2,400

Between January 1 and March 31, 2023:

1. Other Assets increase by $300,000 2. Liabilities decrease by $200,000 3. Paid-In Capital does not change 4. Dividends paid of $100,000

What is the value for Cash 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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