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Assignment Exercise 10-1: Components of Balance Sheet and Statement of Net Income Refer to the Metropolis Health System (MHS) financial statements contained in Appendix 28-A

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Assignment Exercise 10-1: Components of Balance Sheet and Statement of Net Income Refer to the Metropolis Health System (MHS) financial statements contained in Appendix 28-A on pages 405-408 of your textbook. Use the MHS comparative Balance Sheet, Statement of Revenue and Expenses, and Statement of Fund Balance for this assignment. Identify the following MHS Balance Sheet components (listed below numbers 1 -8). List the name of each component and its amount(s) from the appropriate MHS financial statement. A worksheet has been started for you (AE10-1.doc). Please download and fill in the appropriate response and upload to your instructor for grading.a 1. Current Liabilities 2. Total Assets 3. Income from Operations 4. Accumulated Depreciation 5. Total Operating Revenue 6. Current Portion of Long-Term Debt 7. Interest Income 8. Inventories

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