3.9. Integrated Physicians & Associates, an investor-owned company, had the following account balances at the end of 2020: Gross patient service revenue (total charges) $975,000 Contractual discounts and allowances to 250,000 third-party payers Charges for charity (indigent) care 100,000 Estimated bad debts (implicit price 50,000 concessions) a. Calculate the net patient service revenue amount that would be shown on Integrated Physicians & Associates' income statement for the year ended December 31, 2020. b. Suppose the 2020 contractual discounts and allowances balance reported above is understated by $50,000. In other words, the correct balance should be $300,000. Assuming a 30 percent income tax rate, what would be the effect of the misstatement on Integrated Physicians & Associates' 2020 reported: i. Net patient service revenue? ii. Total expenses, including income tax expense? iii. Net income? For cach item, indicate whether the balance is overstated, understated, or not affected by the misstatement. If overstated or understated, indicate by how much