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The 2020 Income Statement and Balance sheet of Tampa Clinic, a not-for-profit organization, are presented below. Prepare a property formatted statement of cash flows for

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The 2020 Income Statement and Balance sheet of Tampa Clinic, a not-for-profit organization, are presented below. Prepare a property formatted statement of cash flows for 2020 using the Indirect method. See Exhibit 4.6. Tampa Clinic Income Statement I Year Ended December 31, 2020 Operating Revenues: Patient service revenue $524,630 Less provision for bad debts 127630) Net patient service revenue $497,000 Other revenue 10,000 Net operating revenues $507,000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income Nonoperating income: Investment income Net Income $231,950 76,050 16,700 8.000 41.000 $373,700 $133.300 $ 2.700 $135,000 Tampa Clinic Balance Sheet December 31, 2020 Cash and cash equivalents Net patient accounts receivable Inventories Total current assets Property and Equipment Less: Accumulated depreciation Net property and equipment Long-term investments Total assets 2020 $55,000 20,000 20.000 $95,000 290,000 14.000) 276,000 27,000 $398,000 2019 $33,000 30,000 11.000 $74,000 70,000 6,000) 64,000 0 $138,000 Accounts payable Accrued expenses Total current liabilities Long-term debt Total Liabilities $28,000 6,000 34,000 130.000 $164,000 $12,000 8,000 20,000 20.000 $40,000 Net Assets 234.000 Total liabilities and equity $398,000 Additional information: The organization did not sell any faxed assets in 2020 98.000 $138,000

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