CHAPTER 3 HOMEWORK - INCOME STATEMENT Homework 1, Chapter 3 a. Using the data below and the format found in Exhibit 3.1, create an Income Statement for XYZ Hospital Based upon your Income Statement, answer the following in the space provided: 2017 Fiscal Year Data for XYZ Hospital: b. What is the net patient revenue? Contributions 17,010 c. How much did the hospital earn in other operating revenue? Depreciation 448,350 d. What are the total expenses for the year? Insurance expense 373,030 e. What is the hospital's earnings or losses from its operations? Interest expense 280,450 f. How much did the hospital earn in non-operating income? Investment income 270,900 g. What is the hospital's bottom line for the year? Repairs and maintenance 222,740 h. What % of net patient revenue is spent on salaries & benefits? Other operating revenue 215,530 i. What % of patient services revenue was written off to bad debt? Patient Services Revenue 10,725,260 Provision for Bad Debts 226,780 Rent expense 299,250 Salaries and benefits 7,735,610 Supplies 1,025,625 Utilities 227,500 ** use the space below to create the Income Statement: