Course Name: government and nonprofit accounting , no pictures or handwriting, this needs an expert, please

Q.3 Whitt Valley Hospital is a not-for-profit initial care facility. Prepare a Statement of Operations for Whitt Hospital using the following information for its calendar year ending December 31, 2016:

1. Third-parties and direct-pay patients were billed $6,500,000 at the hospital's established billing rates
2. The hospital determined that certain of its patients qualified for charity care and that it would not seek to collect $950,000 at established billing rates from direct-pay patients
3. The hospital estimated contractual adjustments for the year, including year-end adjustments of $1,600,000
4. The hospital estimated uncollectible amounts from direct-pay patients to be $250,000
5. The hospital received capitation premiums of $2,500,000. It estimated that the cost of providing this care was $1,800,000
6. The hospital reported salaries and wages of $4,500,000 for the year
7. The fair value of investments held by the hospital increased by $25,000
8. The hospital reported interest and dividend income of $100,000
9. The hospital used $375,000 of temporarily restricted resources to purchase capital assets, consistent with the restrictions imposed by the donor
10. The hospital reported depreciation expense of $475,000
11. The hospital used supplies inventories of 365,000
12. The hospital incurred other operating expenses of $275,000

Prepare a Statement of Operations for Whitt Hospital using the following information for its calendar year ending December 31, 2016: