Multiple statements. The following is a list of accounts (in thousands) for St. Paul’s Hospital on December 31, 20X1. Prepare a balance sheet and statement of operations as of December 31, 20X1. (Hints:

(a) unrestricted contributions increase the unrestricted net assets account, and they are a part of revenues, gains, and other support;

(b) Net Assets = Total Assets − Total Liabilities.)

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Givens Interest expense $1,800 Net patient revenues, net of contractuals only $113,000 Unrestricted contributions $2,300 Cash $5,500 Other noncurrent assets $18,200 Temporary investments $8,800 Gross accounts receivable Professional expense Other current liabilities Accrued expenses $42,400 $3,200 $2,100 $10,000 Accounts payable $11,500 Other revenues $19,000 Long-term debt $11,600 Administrative and medical supplies expense $29,000 Gross plant and equipment $85,000 Labor expense $78,000 Prepaid expenses $2,100 Deferred revenue $2,800 Inventory $2,200 Depreciation expense $7,500 Provision bad debt expense $12,000 Accumulated depreciation $38,000 Nonoperating gains $1,800 Allowance for uncollectibles $20,000