Hopewell Corporation Balance Sheet

Use the starting balance sheet and statement of cash flows to answer the question.

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Hopewell CorporationBalance SheetAs of December 31, 2

22(amounts in thousands)

6,000

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386,000

0
Cash 125,000 Accounts Payable 24,000
Accounts Receivable 3

6,000 Debt 37,000
Inventory 52,000 Other Liabilities 30,000
Property Plant & Equipment, Gross 226,000 Total Liabilities 91,000
Accumulated

Depreciation 59,000 Paid-In Capital 56,000
Property Plant & Equipment, Net 167,000 Retained Earnings 239,000
Other Assets Total Equity 295,000
Total Assets 386,000 Total Liabilities & Equity
Hopewell CorporationStatement of Cash FlowsJanuary 1 to March 31, 2023(amounts in thousands)Depreciation

400

0

from Operating Activities

Other Adjustments0

(7,800)

Other Adjustments0

Net Cash Flow

Net Income 8,600
1,

400
Decrease (Increase) in Accounts Receivable
Decrease (Increase) in Inventory (600)
Increase (Decrease) in Accounts Payable (100)
Other Adjustments
Net Cash Flow 9,700
Purchase of Property, Plant, & Equipment (7,800)
Net Cash Flow from Investing Activities
Increase (Decrease) in Debt 200
Dividends (700)
Net Cash Flow from Financing Activities (500)
1,400

What is the value for Total Assets on March 31, 2023?

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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