Big Blue Nation Hospital Balance Sheet December 27,2020 Assets Liabilities and Net Assets Cash 4250000 Wages & Salaries 3451000 Accounts Receivable 3150000 Interest Payable 400000 Supplies 525000 Accounts Payable 675000 Equipment 933000 Notes Payable 695000 Building 21318000 Long-term debt 18125000 Total 30176000 Net Assets 6830000 Total 30176000 Starting with Big Blue Nation Hospital's Balance Sheet as of December 27, 2020 above complete (1) the balance sheet for Dec 31, 2020 to reflect the following transactions and any other necessary adjustments to adhere to the accrunt principle of accounting, and (2) a statement of revenues and expenses. The Equipment will depreciate over 9 years , and the Building will depreciate over 23 years. The Notes Payable is paid with 13% interest, and the Long-Term Debit carries a 7% interest A Receive payments from patients of $2.115.000 in cash B. Purchase $683,000 in supplies on credit c. Inventory at end of the year shows $723,000 of supplies have been used D. Unpaid wages are $1.114,000 E Bills patients 5800,000 for services provided during the year F. Big Blue Nation Hospital pays employees $9.49,000 G. Pay S323,000 for supplies in accounts payable H. Bill patients 53,878,000 for services provided during the year Receive S15,000 in cash from parking lot income J. Accrued interest on notes and long-term debt K. Accumulated depreciation on equipment and building 1. Amortization payments of $50.000 on the note ($40.000 principal) and $200,000 on bonds (S150.000 principal) are made ASSETS NET ASSETS Hlue Nation Impital Bolance Sheet us of December 31, 2020 (S) LIABILITIES Wages & Salatles old balance Cash old balance Old balance NEW Adjusted) NEW (Adjusted) Interest Payable Old balance Accounts Receivable Old balance NEW (Adjusted) NEW (Adjusted Supplies Old balance NEW (Adjusted Total Liabilities Net Assets Old balance Accounts Payable Old balance NEW [Adjusted) NEW (Adjusted) NEW (Adjusted Equipment Old balance annual depreciation NEW (Adjusted) Notes Payable Old balance Building Old balance NEW (Adjusted) annual depreciation NEW (Adjusted) Long-Term Debt Old balance Total Assets Old balance NEW (Adjusted) NEW (Adjusted) Total Liabilities Old balance NEW (Adjusted) Prepare a Statement of Revenues and Expenses Total Revenues Expenses Wages & Salaries Supplies Interest Depreciation Total Expenses Revenues less expenses