1. After reading the case, provide a list of questions, concerns, or requests for additional information to Mr. Chief and copy me. Develop a non-EMF [generally accepted accounting principles] statement of operations [start with gross patient service revenue] and balance sheet for 202D [you can assume the format and numbers are correct on the 2015 bal- ance sheet, and you can further assume that all balances carry forward to the 202D balance sheet with the exception of accounting for the profit or loss from the ease statement of operations]. With the exception of starting with gross patient service revenue, please ensure that you prepare the nancial statement in current EMF. Please use ratio analysis to analyze the ratios [use data from IEllptun'i's 2013 Almanac of Hospital Financial and Operating Indi cators for comparative statisticsuse the median for critical access hospitals which is provided in Table II [at the end of this case study]}. [See chapter 3.] In preparing the response on the Statement of |[Ciperations you will need to compute both |Gross Revenue and the Net Revenue. To complete the Gross revenue prepare a schedule for the Services: Medeurg...lCLJ...UbfGyn...Swing...SN F...E mergency The payors would be down the left hand side: Medicare Gross Net Medicaidl Gross Net Self Pay Managed Care Discount Managed Care Cap Bad Debt Charity Care Implicit Price Concession Gross Revenue is the Volume times the Charges. Both of these are schedules found in the case. To compute the Net Revenue you will need to understand how each of the payors reimburses the hospital. Foribstabce Medicare and Medicaid are both CCJST reimbursed. Take the percentage of each times the Operating Expenses and that would equal the Net Revenue of Medicare and Medicaid Then begin to complete the schedule with the information from the case... Tour target Net Revenue is $40,511,208 The key point in preparing the Balance Sheet is to remember that Assets are equal to Liabilities plus Equity. In preparing the Balance Sheet remember the comment from Mr. Operator, to cany forward format and numbers from the 2019 balance sheet and only adjust for the profit or loss from your statement of operations