3.9 Integrated Physicians & Associates, an investor-owned company, had the following general ledger account balances at the end of 2015: Gross patient service revenue (total charges) Contractual discounts and allowances to third-party payers Charges for charity (indigent) care Estimated provision for bad debts $975,000 250,000 100,000 50,000 a. Construct the revenue section of Integrated Physicians & Associates' income statement for the year ended December 31, 2015. b. Suppose the 2015 contractual discounts and allowances balance reported above is understated by $50,000. In other words, the correct balance should be $300,000. Assuming a 40 percent income tax rate, what would be the effect of the misstatement on Integrated Physicians & Associates' 2015 reported: 1. Net patient service revenue? 2. Total expenses, including income tax expense? 3. Net income? For each item (1-3), indicate whether the balance is overstated, understated, or not affected by the misstatement. If overstated or understated, indicate by how much