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Below you are provided Ending Balances from 2018 financial statements for your not-for-profit hospital
Assets	Cash	$ 9,750,000
	Prepaid Insurance	$ 150,000
	Accounts Receivable	$ 4,875,000
	Inventory	$ 4,500,000
	Plant & Equipment	$ 7,500,000
	Pledge Receivable
Expenses	Inventory	$ 825,000
	Labor	$ 750,000
	Interest	$ 150,000
	Insurance	$ 375,000
	Depreciation	$ 375,000
Liabilities	Accounts Payable	$ 2,250,000
	Wages Payable	$ 6,750,000
	Mortgage Payable	$ 1,800,000
Net Assets	Unrestricted	$ 7,500,000
	Temporarily Restricted	$ 2,475,000
	Permanently Restricted	$ 6,000,000
Revenue	Patient Service Revenue	$ 2,625,000
	Revenue - contributions donations	$ 900,000
	Revenue- non-patient services (gift shop, parking etc.)	$ 525,000

1. Complete the Journal Entries and Corresponding T account records that are provided to you in "Journal Entries" worksheet
2. By using the Information provided to you fill out Not-for-Profit Ledger including the beginning and ending balances
3. By using the information provided to you and information that you generated in the ledger, prepare your balance sheet as of December 31, 2019 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 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, 2019 by utilizing the Income Statement Template. Hint: In your income statement use the numbers from your Straight-Line Depreciation calculation
6. By using the information provided to you and information that you generated, prepare your Cash Flow statement as of December 31, 2019 by utilizing the Statement of the Cash Flow Template. Hint: Please use the direct method for your Cash Flow Statement

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