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Valley Technology Balance Sheet As of December 31, 2020 (amounts in thousands) Cash 22,000 Liabilities 36,000 Other Assets 28,000 Equity 14,000 Total Assets 50,000 Total
Valley Technology Balance Sheet As of December 31, 2020 (amounts in thousands) | |||
---|---|---|---|
Cash | 22,000 | Liabilities | 36,000 |
Other Assets | 28,000 | Equity | 14,000 |
Total Assets | 50,000 | Total Liabilities & Equity | 50,000 |
Valley Technology Income Statement January 1 to March 31, 2021 (amounts in thousands) | |
---|---|
Revenue | 7,200 |
Expenses | 3,600 |
Net Income | 3,600 |
Between January 1 and March 31, 2021:
1. Cash decreases by $200,000 2. Liabilities decrease by $100,000 3. Paid-In Capital does not change 4. Dividends paid of $400,000
What is the value for Other Assets on March 31, 2021?
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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