Please use the specific numbers in Appendix I and illustrate that total assets = total liabilities + total fund balances. Are current assets more than current liabilities? Please use the specific numbers and explain. Are long-term assets more than long-term liabilities? Please use the specific numbers and explain. What is the current portion of long-term liabilities? What is the current portion of long-term assets?

Exhibit 33-1 Balance Sheet Metropolis Health System Balance Sheet March 31, 2 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 $525,000 Accounts Payable and Accrued Expenses 4,900,000 Bond Interest Payable 300,000 Reimbursement Settlement Payable 100,000 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 Fund Balances General Fund 21,500,000 Total Fund Balances 21,500,000 Total Liabilities and Fund Balances $32,800,000 CHP 440 Blog Appendix 1 (Text page 462)