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Use the starting balance sheet, income statement, and the list of changes to answer the question. Answer Nippon Technology Balance Sheet As of December 31,
Use the starting balance sheet, income statement, and the list of changes to answer the question. Answer Nippon Technology Balance Sheet As of December 31, 2017 (amounts in thousands) Save your answer 37,000 Liabilities 39,000 Equity 76,000 Total Liabilities & Equity 24,000 52,000 76,000 Cash Other Assets Total Assets Nippon Technology Income Statement January 1 to March 31, 2018 (amounts in thousands) 5,800 3,400 2,400 Revenue Net Income Between January 1 and March 31, 2018: 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, 2018? Please specify your answer in the same units as the financial statements
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