what is the overall financial position of Glenwood Hospital? is Glenwood carrying too much debt without revenue coming in?

20. Transact Transactions plus multiple statements. Glenwood Hospital had the following en balances (in thousands) for its assets, liabilities, and not assets accounts as of December 31, 20X0. Givens Cash Accounts receivable Allowance for uncollectibles Inventory or supplies Prepaid insurance Long-term investments Plant, property, and equipment Accumulated depreciation Short-term accounts payable Accrued expenses Long-term debt Unrestricted net assets Temporarily restricted net assets Permanently restricted net assets $8,000 $58,000 $8,000 $4,900 $1,500 $230,000 $250,000 $90,000 $20,000 $8,700 $ 165,000 $251,400 $4,200 $5,100 of operations ber 31, 201 a utstand accounts recen ision of its and and used cash for it paid for in cash. rd its long-term det List and record each 20x1 transaction under the accrual basis of ac a balance sheet for end of years 20x0 and 20%1 and a statement statement of changes in net assets for the year ended December 31 a. The hospital made a cash payment of 57,100,000 toward payable b. The hospital collected $34,000,000 in cash from outstanding acco c. The hospital provided $236,000,000 of services on credit. d. The hospital consumed $3,100,000 of supplies in the provision services. e. The hospital paid cash for incurred interest expense of $4,100,000 f. The hospital purchased $36,000,000 in long-term investments and purpose. g. The hospital incurred $8,100,000 in general expenses that it paid to h. The hospital made a $3,900,000 cash principal payment toward its 1. The hospital collected $141,000,000 in cash from outstanding accoun J. The hospital purchased $6,100,000 of supplies on credit. k. The hospital earned, but did not receive, $330,000 in income from its assets. The income can be used for general operations. (Hint: this transa interest receivable and is also recorded under revenues, gains, and oth 1. The hospital incurred $720,000 in interest expense, which it paid for in m. The hospital incurred $93,000,000 in labor expenses, which it paid for inca 7. The hospital made a cash payment of $730,000 in advance for insurance expen The hospital transferred $1,050,000 in cash to its parent corporation - The hospital incurred $5,300,000 in depreciation expense. ding accounts receivable rom its restricted to transaction increase and other suppon The hospital's prepaid insurance of $620,000 expired for the year. The hospital recognized $1,000,000 in bad debt for the year and established a pro sion of bad debt for this amount. The hospital made a cash payment of $14,100,000 for radiology equipment and established a provision 20. Transactions plus multiple statements. Glenwood Hospital had the following alances in thousands) for its assets, liabilities, and net assets accounts of December 31, 20X0. Givens Cash Accounts receivable Allowance for uncollectibles Inventory or supplies Prepaid insurance Long-term investments Plant, property, and equipment Accumulated depreciation Short-term accounts payable Accrued expenses Long-term debt Unrestricted net assets Temporarily restricted net assets Permanently restricted net assets $8,000 $58,000 $8,000 $4,900 $1,500 $230,000 $250,000 $90,000 $20,000 $8,700 $165,000 $251,400 $4,200 $5,100