Nippon Technology Balance Sheet As of December 31 2017 amoun

Nippon Technology Balance Sheet As of December 31, 2017 (amounts in thousands) Cash Other Assets Total Assets 37,000 Liabilities 39,000 Equity 76,000 Total Liabilities & Equity 24,000 52,000 76,000 Nippon Technology Income Statement January 1 to March 31, 2018 (amounts in thousands) Revenue Expenses Net Income 5,800 3,400 2,400 Between January 1 and March 31 , 2018: 1. Other Assets increase by $300,000 2. Liabilities decrease by $200,000 3. Paid-In Capital does not change 4. Dividends paid of $100,000 What is the value for Cash on March 31, 2018

Solution

Nippon Technology (amounts in thousands) Net Income $    2,400 Other assets increases by $      -300 Liabilities decreases by $      -200 Dividend Paid $      -100 Net Cash flow $    1,800 Cash at December 31, 2017 $ 37,000 Cash on March 31, 2018 $ 38,800