Statement of cash flows. The following are account balances (in thousands) at December 31, 20X1, for Sunview Hospital. Prepare a statement of cash flows for the year ended December 31, 20X1. (Hint: the amounts have been stated as positive or negative numbers as they affect cash flow.)

Transcribed Image Text:

Givens (in '000s) Decrease in prepaid expenses $2,500 Payments on long-term debt ($7,000) Cash and cash equivalents at beginning of the year $24,000 Increase in inventory ($3,300) Increases in long-term debt $175,000 Decrease in accrued expenses ($2,400) Change in net assets $6,500 Sale of long-term investments $31,000 Increase in other current liabilities $2,600 Depreciation $6,600 Payments on capital lease ($6,100) Purchases of equipment ($177,000) Increase in net account receivables ($50,000) Increase in accounts payable $40,000