Use the starting balance sheet, income statement, and the list of changes to answer the question. Gulf Shipping Company Balance Sheet As of December 31, 2017 (amounts in thousands) 22,000 43,000 65,000 Cash 38,000 Liabilities 27,000 Equity 65,000 Total Liabilities & Equity Other Assets Total Assets Gulf Shipping Company Income Statement January 1 to March 31, 2018 (amounts in thousands) 5,100 2,800 2,300 Revenue Expenses Net Income Between January 1 and March 31, 2018: 1. Cash decreases by $100,000 2. Other Assets do not change 3. Paid-In Capital does not change 4. Dividends paid of $400,000 What is the value for Liabilities on March 31, 2018? ancwer in the same units as the f