Assignment Exercise 101: Components of Balance Sheet and Statement of Net Income Refer to the Metropolis Health System (MHS) financial statements contained in Appendix 28-A. Use the MHS comparative Balance Sheet, Statement of Revenue and Expenses, and Statement of Fund Balance for this assignment.

Required: Identify the following MHS Balance Sheet components. List the name of each component and its amount(s) from the appropriate MHS financial statement.

Current Liabilities

Total Assets

Income from Operations

Accumulated Depreciation

Total Operating Revenue

Current Portion of Long-Term Debt

Interest Income Inventories

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Metropolis Health Svstem Statement of Changes in Fund Balance for the Years Ended March 31, 20X3 and 20X2 General Fund Balance April 1st $19,700,000 $18,750,000 Revenue and Gains in Excess of Expenses and Losses 1,800,000 950,000 General Fund Balance March 31st $21,500,000 $19,700,000 Metropolis Health Svstem Schedule of Property, Plant, and Equipment for the Years Ended March 31, 20X3 and 20X2 $14,700,000 1,100,000 28,900,000 44,700,000 (26,100,000) 18,600,000 480,000 220,000 $19,300,000 Buildings and Improvements Land Improvements Equipment $14,000,000 1,100,000 27,600,000 42,700,000 (24,200,000) 18,500,000 480,000 220,000 $19,200,000 Total Less Accumulated Depreciation Net Depreciable Assets Land Construction in Progress Net Property, Plant, and Equipment