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Please show a cash flow statement for the following prompt. Building a Financial Statement (Healthy Hospital) Please reference the balance sheet of Healthy Hospital dated
Please show a cash flow statement for the following prompt.
Building a Financial Statement (Healthy Hospital) Please reference the balance sheet of Healthy Hospital dated 12/31/2016 at very bottom of this assignment. Create a Statement of Cash Flows for the year ending December 31, 2017 Healthy hospital has the following transactions for the calendar year ending 12/31/2017 1. Net Patient billings on account: (can do as one entry or 12) 50,000 60,000 70,000 80,000 50,000 40,000 50,000 40,000 i. September 50,000 40,000 k. November 35,000 l. December 50,000 a. January b. February c. March d. April e. May g. July h. August j. October 2. Cash collected on patient accounts receivable for the year $575,000 3. Payment of December 2016 wages payable of $6K 4. Payment of Accounts 5. Purchase of Equipment for $500K, paying S50K cash and a 5 year note of $450K 6. Interest expense on notes paid $12K 7. Purchase of investment (equity stocks) for $100K cash 8. Depreciation of property and equipment for the year of $40K 9. Purchase of 3-year insurance policy $12K 10. Yearly expense of insurance of $4K 11. Purchase of inventory on account for S50K 12. Use of inventory during the year $28K 13. Salary expense for January to November paid in cash $200K 14. Salary expense for December not paid in current year $15K 15. Payments on accounts payable for $30K 16. Equity investment is marked to market and increases in value by $25K 17. payable $34K Rent payments for the year $35K 18. Principal payments on Notes payable $45KStep by Step Solution
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