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Business, 31.08.2021 01:00 tylercapozzoli

Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated
Balance Sheet
As of December 31, 2019
(amounts in thousands)
Cash 29,000 Liabilities 33,000
Other Assets 26,000 Equity 22,000
Total Assets 55,000 Total Liabilities & Equity 55,000
Dansko Integrated
Income Statement
January 1 to March 31, 2020
(amounts in thousands)
Revenue 7,100
Expenses 2,800
Net Income 4,300
Between January 1 and March 31, 2020:
1. Cash increases by $200,000
2. Other Assets decrease by $100,000
3. Paid-In Capital does not change
4. Dividends paid of $200,000
What is the value for Liabilities on March 31, 2020?

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