Use the starting balance sheet, income statement, and the list of changes to answer the question....
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Use the starting balance sheet, income statement, and the list of changes to answer the question. Cash Other Assets Valley Technology Balance Sheet As of December 31, 2022 (amounts in thousands) 22,000 Liabilities Total Assets Revenue Expenses Net Income 36,000 28,000 Equity 14,000 50,000 Total Liabilities & Equity 50,000 Valley Technology Income Statement January 1 to March 31, 2023 (amounts in thousands) Between January 1 and March 31, 2023: 1. Cash decreases by $200,000 2. Liabilities decrease by $100,000 7,200 3,600 3,600 3. Paid-In Capital does not change 4. Dividends paid of $400,000 What is the value for Other Assets on March 31, 2023? 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). Use the starting balance sheet, income statement, and the list of changes to answer the question. Cash Other Assets Valley Technology Balance Sheet As of December 31, 2022 (amounts in thousands) 22,000 Liabilities Total Assets Revenue Expenses Net Income 36,000 28,000 Equity 14,000 50,000 Total Liabilities & Equity 50,000 Valley Technology Income Statement January 1 to March 31, 2023 (amounts in thousands) Between January 1 and March 31, 2023: 1. Cash decreases by $200,000 2. Liabilities decrease by $100,000 7,200 3,600 3,600 3. Paid-In Capital does not change 4. Dividends paid of $400,000 What is the value for Other Assets on March 31, 2023? 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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