The Edwards Lake Community Hospital balance sheet as of December 31, 2019, follows. $ 27360e 26,600 72,600 371,880 $ 17,240 229,720 246.960 EDWARDS LAKE COMMUNITY HOSPITAL Balance Sheet As of December 31, 2019 Assets Current assets: Cash and Cash Equivalents Accounts and notes receivable (net of uncollectible accounts of $15,990) Inventory Total current assets Assets limited as to use: Cash Investments Total assets limited as to use Property, plant, and equipment: Land Buildings (net of accumulated depreciation of $1,623,100) Equipment (net of accumulated depreciation of $1,024,600) Total property, plant, and equipment Total assets Liabilities and Net Assets Current liabilities: Accounts payable Accrued payroll Current portion of mortgage payable Total current liabilities Long-term debt-mortgage payable Total liabilities Net assets: without donor restrictions Undesignated Designated for plant with donor restrictions Total liabilities and net assets 210,600 2,893,500 1,859,000 4,963, 100 $5,581,860 5 19,300 45,200 505,000 569,500 2,510,000 3,079,500 2,083,260 246,860 172,240 2.502, 360 $5,581,860 The following are the transactions of Edwards Lake Community Hospital during the fiscal year ended December 31, 2020, (1) Information related to accrual of revenues and gains is as follows: (1) Information related to accrual of revenues and gains is as follows: Patient services revenue, gross Charity care Contractual adjustments to patient service revenues Other operating revenues $3,501.000 211,760 1,521,000 998,950 (2) Cash received includes Interest on investments in Assets Limited as to Use Collections of receivables 7,450 2,961,100 (3) Expenses of $891,500 were recorded in accounts payable and $1,454,990 in accrued payroll. Because some of the nursing expenses met a net asset restriction, $94,500 was released from restrictions. Administration expenses 446,980 General services expenses 524,610 Nursing services expenses 1,031,900 other professional services expenses 343,000 (4) Cash paid includes: Interest expense (allocated half to nursing services and half to general services) Payment on mortgage principal Accounts payable for purchases Accrued payroll $281.000 505,000 337,000 1,280,000 (5) Interest of $1,230 accrued on investments in Assets Limited as to Use (6) Depreciation charges for the year amounted to $117,500 for the buildings and $129,000 for equipment Depreciation was allocated 45 percent to nursing services, 15 percent to other professional services and 20 percent to each administrative and general services. (7) Other information: (a) Provision for uncollectible receivables was determined to be adequate (b) Supplies inventory balances