Using data from Problem 19-14 and the following additional information, prepare a reconciliation of change in net assets to net cash provided by operating activities that would accompany Lakeside Hospital’s statement of cash flows for the year ended December 31, 2018. The following condensed statement of activities for the year ended December 31, 2018, shows the following:
Total operating revenues. .... . .. . . . . .. . . . . . $9,312,400
Total operating expenses. .. .. .. . .. . . .. . . . . . 8,780,100
Income from operations.. .... . .. . . . . .. . . . . . $ 532,300
Non-operating revenues. . .. .. . .. . . .. .. . . .. . 1,102,900
Excess of revenues over expenses . .. . . .. . . . . . $1,635,200
Included in the condensed statement of activities were as follows:
Depreciation and amortization .. . .. . . .. . . . . ... $422,500
Noncash gifts and bequests .. . .. . . . . .. . . . . . .. 37,500
Increase in expense and liability for estimated
malpractice costs... .. .. .. . .. . . .. .. . . .. . .. 12,300
An analysis of comparative balance sheet items showed the following changes in balances during 2018:
Increase inpatient accounts receivable. . . .. . . . .. $266,300
Decrease in supplies inventory . . . .. . . . . .. . . . .. 11,800
Increase in accounts payable . .. . .. . . .. . . . . ... 10,100