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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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