The following are account balances (in thousands) at December 31, 2OX1, for Sharon Hill Hospital. Prepare a statement of cash flows for the year ended December 31, 2OX1. (Hint: the amounts have been stated as positive or negative numbers as they affect cash flow.
Givens: Increase in prepaid expenses ($4,000) Increase in accrued expenses $7,000 Cash and cash equivalents at beginning of the year $55000 Proceeds from restricted contribution $125,000 Change in net assets $25,000 Increase in net account recievables $12,000 Sale of equipment $85,000 Decrease in other current liabilities ($6,500) Depreciation ($35,000) Increase in inventory (8,000) Purchase of long-term investments ($175,000) Payments on long-term debt ($65,000) Decrease in accounts payable ($15,000)