1.did the assets change over the prior year? if so, please identify what types of assets had the significant changes and provide details to justify your findings.

2. did the liabilities change over the prior year? if so, please identify what types of assets had the significant changes and provide details to justify your findings.

please ignore 33-1 balance sheet wrong one

Exhibit 33-1 Balance Sheet Metropolis Health System Balance Sheet March 31, 2 $525,000 Assets Current Assets Cash and Cash Equivalents $1,150,000 Assets Whose Use Is Limited 825,000 Patient Accounts Receivable 7,400,000 (Net of $1,300,000 Allowance for Bad Debts) Other Receivables 150.000 Inventories 900,000 Prepaid Expenses 200,000 Total Current Assets 10,625,000 Assets Whose Use Is Limited Corporate Funded Depreciation 1,950,000 Held by Trustee Under Bond Indenture Agreement 1,425,000 Total Assets Whose Use Is Limited 3,375,000 Less Current Portion (825,000) Net Assets Whose Use Is Limited 2,550,000 Property, Plant, and Equipment, Net 19,300,000 Other Assets 325,000 Total Assets $32,800,000 Liabilities and Fund Balance Current Liabilities Current Maturities of Long-Term Debt Accounts Payable and Accrued Expenses 4,900.000 Bond Interest Payable 300,000 Reimbursement Settlement Payable Total Current Liabilities 5,825,000 Long-Term Debt 6,000,000 Less Current Portion of Long-Term Debt (525,000) Net Long-Term Debt 5,475,000 Total Liabilities 11,300,000 100,000 Fund Balances General Fund 21,500,000 21,500,000 Total Fund Balances Total Liabilities and Fund Balances $32,800,000 Metropolis Health System Balance Sheet March 31, 20X3 and 20X2 Assets Current Assets Cash and cash equivalents Assets whose use is limited Patient accounts receivable Less allowance for bad debts Other receivables Inventories of supplies Prepaid expenses Total Current Assets $1,150,000 825,000 8,700,000 (1,300,000) 150,000 900,000 200,000 10,625,000 $400,000 825,000 8,950,000 (1,300,000) 100,000 850,000 150,000 9,975,000 1,950,000 1,800,000 Assets Whose Use Is Limited Corporate funded depreciation Under bond indenture agreements- held by trustee 1,475,000 Total Assets Whose Use Is Limited Less Current Portion Net Assets Whose Use Is Limited 1,425,000 3,375,000 (825,000) 2,550,000 19,300,000 3,275,000 (825,000) 2,450,000 19,200,000 Property, Plant, and Equipment, Net 325,000 375,000 Other Assets $32,800,000 $32,000,000 Total Assets 472 CHAPTER 33 Case Study: Metropolis Health System Metropolis Health System Balance Sheet March 31, 20X3 and 20X2 Liabilities and Fund Balance $525,000 4,900,000 300,000 100,000 $500,000 5,300,000 325,000 175,000 Current Liabilities Current maturities of long-term debt Accounts payable and accrued expenses Bond interest payable Reimbursement settlement payable Total Current Liabilities Long-Term Debt Less Current Portion of Long-Term Debt Net Long-Term Debt 5,825,000 6,000,000 (525,000) 5,475,000 6,300,000 6,500,000 (500,000) 6,000,000 Total Liabilities 11,300,000 12,300,000 Fund Balances General Fund 21,500,000 Total Fund Balances 19,700,000 19,700,000 21,500,000 Total Liabilities and Fund Balances $32,800,000 $32,000,000