Health care, reconciliation of change in net assets to net cash provided by operating activities. and the following additional information, prepare a reconciliation of change in net assets to net cash provided by operating activities that would accompany Lakeside Hospital’s statement of cash flows for the year ended December 31, 20X7. The following condensed statement of activities for the year ended December 31, 20X7, shows the following:
|
Total operating revenues |
$9,302,400 |
|
Total operating expenses |
8,780,100 |
|
Income from operations |
$ 522,300 |
|
Nonoperating revenue |
1,102,900 |
|
Excess of revenues over expenses |
$1,625,200 |
Included in the condensed statement of activities were as follows:
|
Depreciation and amortization |
$422,500 |
|
Noncash gifts and bequests |
37,500 |
|
Increase in expense and liability for estimated |
|
|
malpractice costs |
12,300 |
An analysis of comparative balance sheet items showed the following changes in balances during 20X7:
|
Increase in patient accounts receivable |
$266,300 |
|
Decrease in supplies inventory |
11,800 |
|
Increase in accounts payable |
10,100 |