Tasks with Directions Financial statements are like mazes sometimes but they are interlocked with each other. Please use Appendix I, II, and III in your self-reflection and identify the same number and items in different financial statements and comment why they should be the same E.g. Income from operations in Statement of Revenue and Expenses and Statement of Cash Flow, both are $1,700,000. In Statement of Revenue and Expenses, this is equal to the revenue ($35,100,000) - Expenses ($33,400,000). Then copy number ($1,700,000) to statement of cash flow. the Balance Sheet March 31, 2 Assess Liabilities and Fund Balance Current Assets Current Liabilities Cash and Cash Equivalents $1,150,000 Assets Whose Use Is Limited 825,000 Current Maturities of Long-Term Debt $525,000 Patient Accounts Receivable 7,400,000 (Net of $1,300,000 Allowance Accounts Payable and Accrued for Bad Debts) Expenses 4,900,000 Bond Interest Payable 300,000 Other Receivables 150,000 Reimbursement Settlement Inventories 100,000 900,000 Payable Prepaid ExpNCS 200,000 Total Current Liabilities 5,825,000 Total Current Assets 10,625,000 Long-Term Debt 6,000,000 Assess Whose Use Is Limited Less Current Portion of (525,000) Corporate Funded Long-Term Debt Depreciation 5,475,000 1.950,000 Net Long-Term Debt Held by Trustee Under Bond Total Liabilities 11,300,000 Indenture Agreement 1,425,000 Fund Balances Total Assets Whose Use Is General Fund 21,500,000 Limited 3,375,000 Total Fund Balances 21,500,000 Less Current Portion (825,000) Total Liabilities and Fund Balances $32,800,000 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 Statement of Revenue and Expense for the Year Ended March 31,2 Revenue Net patient service revenue $34,000,000 Other revenus 1.100.000 Total Operating Revenue $35,100,000 Expenses Nursing services $5,025,000 Other professional services 13,100,000 General services 3,200,000 Support services 8,300,000 Depreciation 1,900,000 Amortization 50,000 Interest 325,000 Provision for doubtful accounts 1,500,000 Total Expenses 33,400,000 Income from Operations $1,700,000 Nonoperating Gains (Losses) Unrestricted gifts and memorials $20,000 Interest income 80,000 100,000 Nonoperating Gains, Net $1,800,000 Reynus and Gains in Excess of Expenses and Losses Statement of Cash Flows for the Year Ended March 31, 2 Statement of Cash Flows Operating Activities Income from operations $1,700,000 Adjustments to reconcile income from operations to net cash flows from operating activities Depreciation and amortization 1,950,000 Changes in asset and liability accounts Patient accounts receivable 250,000 Other receivables (50,000) Inventories (50,000) Prepaid expenses and other asscut (50,000) Accounts payable and accrued expenses (400,000) Reduction of bond interest payable (25,000) Estimated third-party payer settlements (75,000) Interest income received 80,000 Unrestricted gifts and memorials received 20,000 Net cash flow from operating activities $3,350,000 Cash Flows from Capital and Related Financing Activities Repayment of long-term obligations (500,000) Cash Flows from Investing Activities Purchase of assists whose use is limited (100,000) Equipment purchases and building improvements (9,000,000) Net Increase (Decrease) in Cash and Cash Equivalents $750,000 Cash and Cash Equivalents, Beginning of Year 400,000 $1.150.000 Cash and Cash Equivalents, End of Year Tasks with Directions Financial statements are like mazes sometimes but they are interlocked with each other. Please use Appendix I, II, and III in your self-reflection and identify the same number and items in different financial statements and comment why they should be the same E.g. Income from operations in Statement of Revenue and Expenses and Statement of Cash Flow, both are $1,700,000. In Statement of Revenue and Expenses, this is equal to the revenue ($35,100,000) - Expenses ($33,400,000). Then copy number ($1,700,000) to statement of cash flow. the Balance Sheet March 31, 2 Assess Liabilities and Fund Balance Current Assets Current Liabilities Cash and Cash Equivalents $1,150,000 Assets Whose Use Is Limited 825,000 Current Maturities of Long-Term Debt $525,000 Patient Accounts Receivable 7,400,000 (Net of $1,300,000 Allowance Accounts Payable and Accrued for Bad Debts) Expenses 4,900,000 Bond Interest Payable 300,000 Other Receivables 150,000 Reimbursement Settlement Inventories 100,000 900,000 Payable Prepaid ExpNCS 200,000 Total Current Liabilities 5,825,000 Total Current Assets 10,625,000 Long-Term Debt 6,000,000 Assess Whose Use Is Limited Less Current Portion of (525,000) Corporate Funded Long-Term Debt Depreciation 5,475,000 1.950,000 Net Long-Term Debt Held by Trustee Under Bond Total Liabilities 11,300,000 Indenture Agreement 1,425,000 Fund Balances Total Assets Whose Use Is General Fund 21,500,000 Limited 3,375,000 Total Fund Balances 21,500,000 Less Current Portion (825,000) Total Liabilities and Fund Balances $32,800,000 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 Statement of Revenue and Expense for the Year Ended March 31,2 Revenue Net patient service revenue $34,000,000 Other revenus 1.100.000 Total Operating Revenue $35,100,000 Expenses Nursing services $5,025,000 Other professional services 13,100,000 General services 3,200,000 Support services 8,300,000 Depreciation 1,900,000 Amortization 50,000 Interest 325,000 Provision for doubtful accounts 1,500,000 Total Expenses 33,400,000 Income from Operations $1,700,000 Nonoperating Gains (Losses) Unrestricted gifts and memorials $20,000 Interest income 80,000 100,000 Nonoperating Gains, Net $1,800,000 Reynus and Gains in Excess of Expenses and Losses Statement of Cash Flows for the Year Ended March 31, 2 Statement of Cash Flows Operating Activities Income from operations $1,700,000 Adjustments to reconcile income from operations to net cash flows from operating activities Depreciation and amortization 1,950,000 Changes in asset and liability accounts Patient accounts receivable 250,000 Other receivables (50,000) Inventories (50,000) Prepaid expenses and other asscut (50,000) Accounts payable and accrued expenses (400,000) Reduction of bond interest payable (25,000) Estimated third-party payer settlements (75,000) Interest income received 80,000 Unrestricted gifts and memorials received 20,000 Net cash flow from operating activities $3,350,000 Cash Flows from Capital and Related Financing Activities Repayment of long-term obligations (500,000) Cash Flows from Investing Activities Purchase of assists whose use is limited (100,000) Equipment purchases and building improvements (9,000,000) Net Increase (Decrease) in Cash and Cash Equivalents $750,000 Cash and Cash Equivalents, Beginning of Year 400,000 $1.150.000 Cash and Cash Equivalents, End of Year