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Use the starting balance sheet, income statement, and the list of changes to answer the question. Lightspeed Industries Balance Sheet As of December 31, 2017

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

Lightspeed Industries Balance Sheet As of December 31, 2017 (amounts in thousands)
Cash 20,000 Liabilities 37,000
Other Assets 35,000 Equity 18,000
Total Assets 55,000 Total Liabilities & Equity 55,000
Lightspeed Industries Income Statement January 1 to March 31, 2018 (amounts in thousands)
Revenue 3,300
Expenses 4,900
Net Income -1,600

Between January 1 and March 31, 2018:

1. Other Assets do not change 2. Liabilities increase by $400,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000

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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