For X hospital corporation during the year ended at 31.12.2019

[8 Marks]

Item	2018
Net patient service revenues (Sales) Less: cost of nursing, administrative, depreciation and general (COGS)	15,000 12,000
Operating income (EBIT) Less: interest expenses (10%)	3,000 300
Taxable income (EBT) Less: Tax (5%)	2,700 135
Net income	2565

Assets	AED	Liabilities an Equities
Cash	9,000	Account payables
M. Securities	3,000	Notes Payables
Net patients' receivables	5,000	T. current liabilities
Inventories	9,000	Long term Debts
T. current Assets	26,000	T. Liabilities
Land and buildings	30,000	Common Stocks (20,000 shares outstanding)
Machines and equipment's	25,000	Retained earnings
T. Fixed Assets	55,000	T. owners' equity

T. Assets

81,000 T. Liabilities and equities

2019

22,000 13,000

9,000 900 8,100 4057695

AED 6,000 4,000 10,000 20, 000 30,000 20,000

31,000 51,000 81,000