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Statement of cash flows. The following is a list of account balances for Hover Hospital on June 30, 20X1. Prepare a statement of cash flows

Statement of cash flows. The following is a list of account balances for Hover Hospital on June 30, 20X1. Prepare a statement of cash flows as of June 30, 20X1.

Givens

Transfer to parent corporation

$40,000

Proceeds from sale of fixed equipment

$2,290,000

Principal payment on bonds payable

$780,000

Purchase of fixed equipment

$5,300,000

Beginning of cash balance

$6,500,000

Cash from operating activities

$3,900,000

Principal payment on notes payable

$6,500

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