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Use the starting balance sheet, income statement, and the list of changes to answer the question. Answer Torche Corporation Balance Sheet As of December 31,
Use the starting balance sheet, income statement, and the list of changes to answer the question. Answer Torche Corporation Balance Sheet As of December 31, 2017 (amounts in thousands) Save your answer Cash Other Assets Total Assets 0,000 Liabilities 24,000 Equity 54,000 Total Liabilities & Equity 33,000 21,000 54,000 Torche Corporation Income Statement January 1 to March 31, 2018 (amounts in thousands) Revenue Expenses Net Income 4,900 3,600 1,300 Between January 1 and March 31, 2018 1. Cash increases by $100,000 2. Liabilities increase by $300,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000 What is the value for Other Assets on March 31, 2018? Please specify your answer in the same units as tha tatements
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