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ACCT596: As you can see, I have completed most of the work here. I submitted this question 3 times and the feedback was incorrect (the

ACCT596:

As you can see, I have completed most of the work here. I submitted this question 3 times and the feedback was incorrect (the answers were incorrect)! The statement of operations has to be done according to the template below not one that is created by the expert. The same applies for the changes of statement in net assets (these are two different statements). I have exhausted several of my ASK AN EXPERT questions because the expert was not paying attention to what the question was/is asking and did not use the template that I uploaded. Please do not do this. I am really trying to learn and its a shame that is not being totally considered and recognized. Can you please help me fill in the blanks and explain how you arrived at your answer please? Thanks in advance.

The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2020.

image text in transcribedimage text in transcribed
  1. Required
  2. a-1. Prepare a statement of operations for the year ended September 30, 2020. Not included on the trial balance is the fact that $1,040 has been released from restrictions.
  3. a-2. Prepare a statement of changes in net assets for the year ended September 30, 2020. Not included on the trial balance is the fact that $1,040 has been released from restrictions.
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed CHRISTINA REHABILITATION HOSPITAL Preclosing Trial Balance September 30, 2020 (000s omitted) Prepare a statement of operations for the year ended September 30,2020 . Not included on the trial balance is the fact that $1,040 has been released from restrictions. (Enter your answers in thousands.) Prepare a statement of changes in net assets for the year ended September 30,2020 . Not included on the trial balance is the fact that $1,040 has been released from temporary purpose restrictions. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) CHRISTINA REHABILITATION HOSPITAL Statement of Changes in Net Assets For Year Ended September 30, 2020 (000s omitted) Net Assets Without Donor Restrictions: Excess of Revenues and Gains Over Expenses and Losses \begin{tabular}{|l|r|} \hline Unrealized Loss on Investments & \\ \hline Net Assets Released from Restrictions \\ \hline Increase in Net Assets Without Donor Restrictions: & \\ \hline Net Assets With Donor Restrictions: & \\ \hline Contributions for Programs & \\ \hline Contributions for Endowment & \\ \hline Investment Income & \\ \hline Unrealized Gain on Investments & \\ \hline Net Assets Released from Restrictions & \\ \hline \multicolumn{1}{|l|}{ Increase in Net Assets With Donor Restrictions: } & \\ \hline Increase in Net Assets & \\ \hline Net Assets at Beginning of the Year & \\ \hline Net Assets at End of the Year & \\ \hline \end{tabular}

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