Exhibit 11-2 Westside Clinic Statement of Revenue and Expenses Revenue Net Patient Service Revenue Total Operating Revenue For the Year Ending December 31, 20X4 December 31, 20X3 $2,000,000 $1,850,000 $2,000,000 $1,850,000 Operating Expenses Medical/surgical services Therapy services Other professional services Support services General services Depreciation Interest $600,000 860,000 80,000 220,000 65,000 40,000 20,000 $575,000 806,000 75,000 220,000 60,000 40,000 24,000 Total Operating Expenses Income from Operations 1,885,000 $115,000 1,800,000 $50,000 Nonoperating Gains (Losses) Interest Income $5,000 $2,000 Net Nonoperating Gains 5,000 2,000 Revenue and Gains in Excess of Expenses and Losses Increase in Unrestricted Fund Balance $120,000 $120,000 $52,000 $52,000 Exhibit 11-6 Checklist for Review of the Statement of Revenue and Expense 1. What is the period reported on the statement of revenue and expense? 2. Is it one year or a shorter period? If it is a shorter period, why is that? 3. Are there large discrepancies in balances between the prior year operations and the current year operations? 4. Did total operating revenue increase over the prior year? 5. Did total operating expenses increase, decrease, or stay about the same? Is any particular line item unusually large or small? 6. Did income from operations increase, decrease or stay about the same? 7. Are there unusual nonoperating gains or losses? 8. Did the current year result in an excess of revenue over expense? Is it as much as the prior year? 9. Did long-term debt increase or decrease significantly over the prior year? Add your answers to a new pal 4. Review Exhibit 11-2, Westside Clinic Statement of Revenue and Expense, in your text book. Review and answer the questions in Exhibit 11-6, Checklist for Review of the Statement of Revenue and Expense. Add your answers to a new page in your paper. in the Ah