The next part of the assignment is to analysis and interpret the two$-$year comparisons and discuss your major findings and conclusions Lake Chelan Hospital Name: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Balance Sheet Please Complete the Balance Sheet!!

Comparative $12/31/2022$ & $12/31/2021$

ASSETS $20222021$ Variance $\%$ of Variance

CURRENT ASSETS: Lake Chelan Lake Chelan Lake Chelan Lake Chelan

Cash $$444,782$ $$5,418,412$ $$(4,973,630)-91\mathrm{.}79\%$

Marketable Securities $ $-$ $ $-$

Accounts Receivable $$7,739,790$ $$6,098,984$ $$1,640,80626\mathrm{.}90\%$

Less$-$Estimated Uncollectable & Allowances $$(4,019,724)$ $$(3,345,588)$ $$(674,136)20\mathrm{.}15\%$

Receivables From Third Party Payors $$833,978$ $$243,281$ $$590,697242\mathrm{.}80\%$

Pledges And Other Receivables $$71,026$ $$666,316$ $$(595,290)-89\mathrm{.}34\%$

Due From Restricted Funds $ $-$ $ $-$

Inventory $$230,103$ $$215,690$ $$14,4136\mathrm{.}68\%$

Prepaid Expenses $$231,742$ $$298,048$ $$(66,306)-22\mathrm{.}25\%$

Current Portion Of Funds Held In Trust $ $-$ $ $-$

TOTAL CURRENT ASSETS $$5,531,697$ $$9,595,143$ $$(4,063,446)-42\mathrm{.}35\%$

BOARD DESIGNATED ASSETS:

Cash $$9,994,554$ $$11,710,577$ $$(1,716,023)-14\mathrm{.}65\%$

Marketable Securities $$-$ $$-$ $ $-$

Other Assets $$-$ $ $-$

TOTAL BOARD DESIGNATED ASSETS: $$9,994,554$ $$11,710,577$ $$(1,716,023)-14\mathrm{.}65\%$

PROPERTY, PLANT AND EQUIPMENT:

Land $$4,168,630$ $$4,168,630$ $$-0\mathrm{.}00\%$

Land Improvements $$619,271$ $$6,519,271$ $$(5,900,000)-90\mathrm{.}50\%$

Buildings $$5,141,340$ $$6,127,592$ $$(986,252)-16\mathrm{.}10\%$

Fixed Equipment $-$ Building Service $$-$ $$-$ $$-$ $ $-$

Fixed Equipment $-$ Other $$-$ $$-$ $$-$ $ $-$

Equipment $$8,844,428$ $$7,281,293$ $$1,563,13521\mathrm{.}47\%$

Leasehold Improvements $$-$ $$2,129,457$ $$(2,129,457)-100\mathrm{.}00\%$

Construction In Progress $$43,920,151$ $$20,382,158$ $$23,537,993115\mathrm{.}48\%$

TOTAL $$62,693,820$ $$46,608,401$ $$16,085,41934\mathrm{.}51\%$

Less Accumulated Depreciation $ $-$ $$-$ $ $-$ $ $-$

NET PROPERTY, PLANT & EQUIPMENT $$53,353,255$ $$26,993,219$ $$26,360,03697\mathrm{.}65\%$

INVESTMENTS AND OTHER ASSETS:

Investments In Property, Plant & Equipment $$-$ $$-$ $$-0\mathrm{.}00\%$

Less $-$ Accumulated Depreciation $$(9,340,565)$ $$13,715,182$ $$(23,055,747)-168\mathrm{.}10\%$

Other Investments $ $-$ $$-$ $ $-0\mathrm{.}00\%$

Other Assets $$-$ $$2,960,082$ $$(2,960,082)-100\mathrm{.}00\%$

TOTAL INVESTMENTS & OTHER ASSETS $$(9,340,565\mathrm{.}00)$ $$16,675,264$ $$(26,015,829)-156\mathrm{.}01\%$

INTANGIBLE ASSETS:

Goodwill $ $-$ $$-$ $ $-0\mathrm{.}00\%$

Unamortized Loan Costs $$-$ $$-$ $$-0\mathrm{.}00\%$

Preopening And Other Organization Costs $$-$ $$-$ $$-0\mathrm{.}00\%$

Other Intangible Assets $$649,351$ $$-$ $$649,3510\mathrm{.}00\%$

TOTAL INTANGIBLE ASSETS $$649,351$ $$-$ $$649,3510\mathrm{.}00\%$

TOTAL ASSETS $$1,298,702$ $$-$ $$1,298,7020\mathrm{.}00\%$

$20222021$ Variance $\%$ of Variance

LIABILITIES AND FUND BALANCES$-$UNRESTRICTED

CURRENT LIABILITIES Lake Chelan Lake Chelan Lake Chelan Lake Chelan

Notes and Loans Payable $$381,831$ $$148,703$ $$233,128156\mathrm{.}77\%$

Accounts Payable $$2,045,407$ $$2,595,676$ $$(550,269)-21\mathrm{.}20\%$

Accrued Compensation and Related Liabilities $$1,407,984$ $$1,102,295$ $$305,68927\mathrm{.}73\%$

Other Accrued Expenses $$3,597,034$ $$-$ $$3,597,0340\mathrm{.}00\%$

Advances from Third Party Payors $$-$ $$3,036,599$ $$(3,036,599)-100\mathrm{.}00\%$

Payables to Third Party Payors $$344,669$ $$-$ $$344,6690\mathrm{.}00\%$

Due to Restricted Funds $$-$ $$-$ $$-0\mathrm{.}00\%$

Income Taxes Payable $$-$ $$-$ $$-0\mathrm{.}00\%$

Other Current Liabilities $$-$ $$-$ $$-0\mathrm{.}00\%$

Current Maturities of Long Term Debt $$1,309,054$ $$667,718$ $$641,33696\mathrm{.}05\%$

TOTAL CURRENT LIABILITIES $$9,085,979$ $$7,550,991$ $$1,534,98820\mathrm{.}33\%$

DEFERRED CREDITS:

Deferred Income Taxes $$-$ $$-$ $ $-0\mathrm{.}00\%$

Deferred Third Party Revenue $ $-$ $$1,514,370$ $ $-0\mathrm{.}00\%$

Other Deferred Credits $ $-$ $ $-$ $ $-0\mathrm{.}00\%$

TOTAL DEFERRED CREDITS $ $-$ $$1,514,370$ $ $-0\mathrm{.}00\%$

LONG TERM DEBT

Mortgage Payable $ $-$ $ $-$ $ $-0\mathrm{.}00\%$

Construction Loans$-$Interim Financing $ $-$ $ $-$ $ $-0\mathrm{.}00\%$

Notes Payable $ $-$ $$2,000,000$ $ $-0\mathrm{.}00\%$

Capitalized Lease Obligations $$18,305,976$ $$396,193$ $$17,909,7834520\mathrm{.}47\%$

Bonds Payable $$4,739,090$ $