Prepare a statement of revenues, expenses, and changes in net assets for Patrick County Hospital for 20X0 given the following information.

Gross patient service charges ............................................................................. $18,000,000

Unrestricted contributions .................................................................................. 350,000

Gain on sale of capital assets .............................................................................. 75,000

Charity services (at gross amounts) included in the above ................................ 500,000

State appropriations—operating ......................................................................... 500,000

State appropriations—capital ............................................................................. 500,000

Estimated uncollectible accounts ....................................................................... 710,000

Contractual adjustments ..................................................................................... 1,100,000

Nursing services expense ................................................................................... 8,000,000

Other professional services expense .................................................................. 890,000

General services expenses .................................................................................. 1,100,000

Administrative expenses .................................................................................... 440,000

Fiscal service expenses....................................................................................... 300,000

Depreciation—Building ..................................................................................... 1,400,000

Depreciation—Other .......................................................................................... 2,740,000

Income from investments of endowment—donor restricted to heart research .. 870,000

Cafeteria sales ................................................................................................ 444,000

Federal grant restricted for heart research (all eligibility requirements met) .... 1,300,000

Proceeds from bond issue for building addition ................................................. 22,000,000

Unrestricted net assets, January 1 ...................................................................... 9,000,000

Restricted net assets, January 1 .......................................................................... 3,200,000

Invested in capital assets, net of related debt, January 1 .................................... 15,000,000