ended December 31, 2020 1. Gross patient service revenut $75.000.000 Charity allowance 15,000,000 Contractual discounts to third party payers: 5.000.000 The hospital calculates a provision for uncollectibles at 5 of net patient service revenue 2. Fair market value of noncash donations Volunteer workers in public relations campaign 5200,000 Medical supplies donated by a pharmaceutical im 800.000 3. Operating expenses, of which 3.000.000 are unpaid at year-endt Professional patient care: 333.000.000 General services 9.500.000 Nursing services: 10,000,000 Administrative Services 100,000 The hospital conducts various educational programs for which received ters of $500.000 during 2070 The cafeters and gift shop reported profit of $120.000 on sales of $1.320.000 operating costs are recorded a deeperses and are closed in above 6. Arred doctor contributed 51.000.000 to be used in validating the accuracy of a new cholesterol testing procedure. The Minds were this year.docion 12.200.000 wat spent for health education programs, using constricted funds donated tast year. Both expenditures were recorded services experies, and made bove 7. Indono established a trust in the amount of 6.000.000. Income from the trust to be paid to the hospital the door de within ricono che price is to be given to a local university A local banksappointed as trustee, Income received by the trust, and due to be distributed in 2020. amounted to 100.000 As of December at the bar had remitted only 160.000 to the hospital donors will provided for a bequest to the hospital of debt securitiet. There are no restrictions on the securities or income and gas and lots on the securities the hospital decided to hold the securities on a long term basis and received interest income of $45.000 in 2020. When the donor died on March 15. the ses were worth 1.500,000 year and they were worth 31.270.000 19. An X-ray machine was purchased for 54.000.000, using restricted cash www Prepare Montclair Hospitals 2020 statement of activities, in good form. Ignore beginning and ending net asset balances IMPORTANT: Use a negative sin with your answer(s) for Change in net assets without (or with donar restrictions if applicable. Otherwise, do not use negative signs with any of your answers Mondair Hospital Statement of Activities For the Year Ended December 31, 2020 Net assets without donor restrictions Operating revenues, and other support Gross patient service revenue 5 Le contractual discounts Net patient service revenue Other revenue Donated suppliers Educational program feel Cafea shop sales Urrestricted bequest Net assets related from restrictions for operations Satisfaction of program restrictions Totat operating revetains and other support Operatine pense Professional patient care General Service Nursine services Administrative services Total Operating penties Operating income Investment income Performance income Ulved loss on-trading securities Cance in net mets without donor restriction Net assets with donar restrictions Conntutions Change in net assets with door restriction ended December 31, 2020 1. Gross patient service revenut $75.000.000 Charity allowance 15,000,000 Contractual discounts to third party payers: 5.000.000 The hospital calculates a provision for uncollectibles at 5 of net patient service revenue 2. Fair market value of noncash donations Volunteer workers in public relations campaign 5200,000 Medical supplies donated by a pharmaceutical im 800.000 3. Operating expenses, of which 3.000.000 are unpaid at year-endt Professional patient care: 333.000.000 General services 9.500.000 Nursing services: 10,000,000 Administrative Services 100,000 The hospital conducts various educational programs for which received ters of $500.000 during 2070 The cafeters and gift shop reported profit of $120.000 on sales of $1.320.000 operating costs are recorded a deeperses and are closed in above 6. Arred doctor contributed 51.000.000 to be used in validating the accuracy of a new cholesterol testing procedure. The Minds were this year.docion 12.200.000 wat spent for health education programs, using constricted funds donated tast year. Both expenditures were recorded services experies, and made bove 7. Indono established a trust in the amount of 6.000.000. Income from the trust to be paid to the hospital the door de within ricono che price is to be given to a local university A local banksappointed as trustee, Income received by the trust, and due to be distributed in 2020. amounted to 100.000 As of December at the bar had remitted only 160.000 to the hospital donors will provided for a bequest to the hospital of debt securitiet. There are no restrictions on the securities or income and gas and lots on the securities the hospital decided to hold the securities on a long term basis and received interest income of $45.000 in 2020. When the donor died on March 15. the ses were worth 1.500,000 year and they were worth 31.270.000 19. An X-ray machine was purchased for 54.000.000, using restricted cash www Prepare Montclair Hospitals 2020 statement of activities, in good form. Ignore beginning and ending net asset balances IMPORTANT: Use a negative sin with your answer(s) for Change in net assets without (or with donar restrictions if applicable. Otherwise, do not use negative signs with any of your answers Mondair Hospital Statement of Activities For the Year Ended December 31, 2020 Net assets without donor restrictions Operating revenues, and other support Gross patient service revenue 5 Le contractual discounts Net patient service revenue Other revenue Donated suppliers Educational program feel Cafea shop sales Urrestricted bequest Net assets related from restrictions for operations Satisfaction of program restrictions Totat operating revetains and other support Operatine pense Professional patient care General Service Nursine services Administrative services Total Operating penties Operating income Investment income Performance income Ulved loss on-trading securities Cance in net mets without donor restriction Net assets with donar restrictions Conntutions Change in net assets with door restriction
