Statement of cash flows. The following is a list of account balances for Hover Hospital on June 30, 20X1. Prepare a statement of cash flows as of June 30, 20X1.
Givens
Transfer to parent corporation $40,000
Proceeds from sale of fixed equipment $2,290,000
Principal payment on bonds payable $780,000
Purchase of fixed equipment $5,300,000
Beginning cash balance $6,500,000
Cash from operating activities $3,900,000
Principal payment on notes payable $6,500