Based on the following information, prepare a Statement of Revenues, Expenses, and Changes in Net Position for Hudgins County (government) Hospital for the year ended December 31, 20X7:

Patient service charges (gross) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,000,000

Premium fees earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000,000

Restricted contributions for heart research . . . . . . . . . . . . . . . . . . . . . . . . 20,000,000

Medical record transcript fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000

Cafeteria sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000

Restricted contributions for specialized equipment purchases . . . . . . . . 6,500,000

Unrestricted income from endowments . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000

Donated services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 330,000

Donated materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,000

Unrestricted contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 550,000

Nursing services expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,850,000

Other professional services expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,400,000

General services expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,210,000

Fiscal services expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000

Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900,000

Interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 440,000

Depreciation expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200,000

Provision for uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 430,000

Charity services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 375,000

Contractual adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 950,000

Equipment purchases paid from donor-restricted resources . . . . . . . . . . 3,750,300

Also, a term endowment restricted to heart research expired during the year. The foregoing expenses include $800,000 payable from donor-restricted resources.