Question
Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet As of December 31, 2019
Use the starting balance sheet, income statement, and the list of changes to answer the question.
Dansko Integrated Balance Sheet As of December 31, 2019 (amounts in thousands) | |||
---|---|---|---|
Cash | 29,000 | Liabilities | 33,000 |
Other Assets | 26,000 | Equity | 22,000 |
Total Assets | 55,000 | Total Liabilities & Equity | 55,000 |
Dansko Integrated Income Statement January 1 to March 31, 2020 (amounts in thousands) | |
---|---|
Revenue | 7,100 |
Expenses | 2,800 |
Net Income | 4,300 |
Between January 1 and March 31, 2020:
1. Cash increases by $200,000 2. Other Assets decrease by $100,000 3. Paid-In Capital does not change 4. Dividends paid of $200,000
What is the value for Liabilities 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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