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The Following Data Apply to Riverside Hospital, a Not-For-Profit Organization

Question 69

Essay

The following data apply to Riverside Hospital, a not-for-profit organization.
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a. Summarized cash receipts showed cash received from the following:
 Patients and third-party payers $903,420 Other operational activities 57,120 Donor restricted gifts for programs 11,220 Unrestricted interest from investments 25,100\begin{array}{lr}\text { Patients and third-party payers } & \$ 903,420 \\\text { Other operational activities } & 57,120 \\\text { Donor restricted gifts for programs } & 11,220 \\\text { Unrestricted interest from investments } & 25,100\end{array}

b. Summarized cash payments showed cash paid to the following:
 Suppliers and employees $892,140 The bank to cover interest charges 14,500 For the purchase of equipment 45,450\begin{array}{lr}\text { Suppliers and employees } & \$ 892,140 \\\text { The bank to cover interest charges } & 14,500 \\\text { For the purchase of equipment } & 45,450\end{array}

c. Donation of $100,000\$ 100,000 cash received with donor restriction that it be permanently restricted. Income may be used for replacement of equipment.

d. Bonds payable that would have matured in two years were retired on an interest date at a face value of $18,000\$ 18,000 .

e. The cash balance on January 1,2014, was $168,020\$ 168,020 . On December 31,2014 , the cash balance was $294,790\$ 294,790 . Required:
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Using the direct method, prepare a statement of cash flows for the year ended December 31, 2014.?

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