Statement of cash flows. The following are account balances (in thousands) at December 31, 20X1, for Sunview Hospital. Prepare a statement of cash flows for the year ended December 31, 20X1.
Givens (in ’000s)
Decrease in prepaid expenses $2,500
Payments on long-term debt ($7,000)
Cash and cash equivalents at beginning of the year $24,000
Increase in inventory ($3,300)
Increases in long-term debt $175,000
Decrease in accrued expenses ($2,400)
Change in net assets $6,500
Sale of long-term investments $31,000
Increase in other current liabilities $2,600
Depreciation $6,600
Payments on capital lease ($6,100)
Purchases of equipment ($177,000)
Increase in net account receivables ($50,000)
Increase in accounts payable $40,000