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Use the starting balance sheet, income statement, and the list of changes to answer the question. Torche Corporation Balance Sheet As of December 31, 2017
Use the starting balance sheet, income statement, and the list of changes to answer the question. Torche Corporation Balance Sheet As of December 31, 2017 (amounts in thousands) Cash Other Assets Total Assets 30,000 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 4,900 3,600 1,300 Expenses Net Income 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 came inits as the financial statements
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