Below you are provided Ending Balances from 2017 financial statements for your not-for-profit hospital. 1 Hint: the below information is necessary for you to complete the assignment. Assets Cash Prepaid Insurance Accounts Receivable Inventory Plant & Equipment Inventory Labor Interest Insurance Depreciation 920,000 57,500 1,380,000 280,000 500,000 20,000 90,000 25,000 22,000 48,000 Expenses Liabilities Accounts Payable Wages Payable Mortgage Payable 807,500 110,000 915,000 Assets Unrestricted 845,000 Temporarily Restricted 345,000 Permanently Restricted 115,000 Patient Service Revenue 200,000 Revenue - contributions donations 50,000 Revenue-non-patient services (gift shop, parking etc.) 30,000 26 27 1- Complete the Journal Entries and Corresponding T account records that are provided to you in "Journal Entries woksheet 28 2-By using the Information provided to you fill out Not-for-Profit Ledger including the beginning and ending balances Revenue 29 3- By using the information provided to you and information that you generated in the ledger, prepare your balancesheet as of December 31 2018 by utilizing the Balance Sheet Template 4- By using the information provided to you and the information that you generated calculate your depreciation expense by using 3 different methods of depreciation methods - Use the 30 Depreciation template provided to you 5- By using the information provided to you and information that you generated in the ledger, prepare your Income Statement as of December 31 2018 by utilizing the Income Statement 31 Template 32 Hint: In your income statement use the numbers from your Double Declining Balance Depreciation calculation 6- By using the information provided to you and information that you generated, prepare your Cash Flow statement as of December 31 2018 by utilizing the Statement of the Cash Flow 33 Template 34 Hint: Please use the direct method for your Cash Flow Statement 35 36 Below you are provided Ending Balances from 2017 financial statements for your not-for-profit hospital. 1 Hint: the below information is necessary for you to complete the assignment. Assets Cash Prepaid Insurance Accounts Receivable Inventory Plant & Equipment Inventory Labor Interest Insurance Depreciation 920,000 57,500 1,380,000 280,000 500,000 20,000 90,000 25,000 22,000 48,000 Expenses Liabilities Accounts Payable Wages Payable Mortgage Payable 807,500 110,000 915,000 Assets Unrestricted 845,000 Temporarily Restricted 345,000 Permanently Restricted 115,000 Patient Service Revenue 200,000 Revenue - contributions donations 50,000 Revenue-non-patient services (gift shop, parking etc.) 30,000 26 27 1- Complete the Journal Entries and Corresponding T account records that are provided to you in "Journal Entries woksheet 28 2-By using the Information provided to you fill out Not-for-Profit Ledger including the beginning and ending balances Revenue 29 3- By using the information provided to you and information that you generated in the ledger, prepare your balancesheet as of December 31 2018 by utilizing the Balance Sheet Template 4- By using the information provided to you and the information that you generated calculate your depreciation expense by using 3 different methods of depreciation methods - Use the 30 Depreciation template provided to you 5- By using the information provided to you and information that you generated in the ledger, prepare your Income Statement as of December 31 2018 by utilizing the Income Statement 31 Template 32 Hint: In your income statement use the numbers from your Double Declining Balance Depreciation calculation 6- By using the information provided to you and information that you generated, prepare your Cash Flow statement as of December 31 2018 by utilizing the Statement of the Cash Flow 33 Template 34 Hint: Please use the direct method for your Cash Flow Statement 35 36