Use the starting balance sheet and the list of changes to create an updated balance...
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Accounting
Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.
| Hopewell Corporation Balance Sheet As of December 31, 2018 (amounts in thousands) | |||
|---|---|---|---|
| Cash | 2,900 | Liabilities | 2,400 |
| Other Assets | 3,700 | Equity | 4,200 |
| Total Assets | 6,600 | Total Liabilities & Equity | 6,600 |
Between January 1 and March 31, 2019:
1. Cash decreases by $300,000 2. Liabilities increase by $400,000 3. Equity decreases by $200,000
What is the value for Other Assets on March 31, 2019?
Please specify your answer in the same units as the balance sheet.
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