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Use the starting balance sheet, income statement, and the list of changes to answer the question. Hopewell Corporation Balance Sheet As of December 31, 2019

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

Hopewell Corporation Balance Sheet As of December 31, 2019 (amounts in thousands)
Cash 29,000 Liabilities 24,000
Other Assets 37,000 Equity 42,000
Total Assets 66,000 Total Liabilities & Equity 66,000
Hopewell Corporation Income Statement January 1 to March 31, 2020 (amounts in thousands)
Revenue 7,500
Expenses 2,200
Net Income 5,300

Between January 1 and March 31, 2020:

1. Cash decreases by $300,000 2. Liabilities increase by $400,000 3. Paid-In Capital does not change 4. Dividends paid of $500,000

What is the value for Other Assets on March 31, 2020?

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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