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UUse the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Torche Corporation Balance Sheet
UUse the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.
Torche Corporation Balance Sheet As of December 31, 2022 (amounts in thousands) | |||
---|---|---|---|
Cash | 3,000 | Liabilities | 3,300 |
Other Assets | 2,400 | Equity | 2,100 |
Total Assets | 5,400 | Total Liabilities & Equity | 5,400 |
Between January 1 and March 31, 2023:
1. Cash increases by $100,000 2. Other Assets decrease by $200,000 3. Liabilities increase by $300,000
What is the value for Equity on March 31, 2023?
Note: Account change amounts are provided in dollars but the balance sheet units are thousands of dollars.
Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).
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