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

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

Stuart Company Balance Sheet As of December 31, 2017 (amounts in thousands)
Cash 37,000 Liabilities 22,000
Other Assets 32,000 Equity 47,000
Total Assets 69,000 Total Liabilities & Equity 69,000
Stuart Company Income Statement January 1 to March 31, 2018 (amounts in thousands)
Revenue 7,500
Expenses 4,400
Net Income 3,100

Between January 1 and March 31, 2018:

1. Other Assets decrease by $300,000 2. Liabilities increase by $400,000 3. Paid-In Capital does not change 4. Dividends paid of $200,000

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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