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Entries for the Warren Clinic 2020 income statement are listed below in alphabetical order. Reorder the data in proper format. 1. How do the income
Entries for the Warren Clinic 2020 income statement are listed below in alphabetical order. Reorder the data in proper format.
1. How do the income statements differ? Operating Revenues: Net Patient Service Revenue Other Revenue Net Operating Revenues $400,000 $10,000 $410,000 Depreciation expense General/administrative expenses interest expense Investment income Net income Net operating revenues Other revenue Net patient service revenue Net operating income (loss) Purchased services Salaries and benefits Total expenses 90,000 70,000 20,000 40,000 30,000 410,000 10,000 400,000 (10,000) 90,000 150,000 420,000 Expenses Salaries and Benefits Purchased Services General Administrative Expenses Interest Expenses Depreciation Expenses Total Expenses $150.000 $90,000 $70,000 $20,000 $90,000 $420,000 Statement of Operations Year Ended June 30, 2020 (In Thousands) Revenue: Healthcare premiums Fees and other revenue Net investment income Total revenues 26,682 1,689 242 28,613 15,154 Benefits and expenses: Healthcare costs Operating expenses: General and administrative expenses Selling expenses Interest expense Total benefits and expenses Net income 7,874 3,963 385 27,376 1,237Step by Step Solution
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