Statement of operations. The following are annual account balances as of September 30, 20X1, for Moore Hospital. Prepare a statement of operations for the 12-month period ending September 30, 20X1.

Transcribed Image Text:

Givens Patient service revenue (net of contractuals) $950,000 Supply expense $255,000 Net assets released from restriction for operations $45,000 Depreciation expense $35,000 Transfer to parent corporation $9,500 Labor expense $300,000 Provision for bad debts $12,000 Unrealized gains from available for sale securities $150,000