Question: 11.4 Please no excel spreadsheets, please write the numbers out. Thanks! Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues

11.4 Please no excel spreadsheets, please write the numbers out. Thanks!

Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues

of $30 million. Depreciation expense totaled $1 million.

a. What were total expenses for 2016?

b. What were total cash expenses for 2016? (Hint: Assume that all expenses,

except depreciation, were cash expenses.)

c. What was the hospital's 2016 estimated cash flow?

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