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Help in preparing a proper income statement would be appreciated, I'll make sure to give it a thumbs up! never done one before and really

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Help in preparing a proper income statement would be appreciated, I'll make sure to give it a thumbs up! never done one before and really confused what should be a credit and what should be a debt. Thank you. I'm also going to add in a chart that is suppose to help us with the question, but it only made me more confused. image text in transcribed

NPSR 600,000 Other revenue 35,000 Salaries & wages 175,000 Purchased services 45,000 General & Administrative 83,000 Depreciation 90,000 Interest 7,500 Insurance 23,000 Contributions 5,000 Investment Income 65,000 Please prepare and submit VIA CANVAS a proper income statement using Excel. Total RVUs from fee schedule E M S P. S Complexity of service and expenses Work RVU PE RVU PLI RVU Conversion factor Adjusted for: Payment modifier Adjusted fee schedule payment rate Geographic factors Work GPCI PE GPCI PLI GPCI Policy adjustments (multiplicative) Provider type Geographic Adjusted fee schedule payment Non-physician billing independently Quality Payment Program Clinicians who Clinicians in participate in the Merit-based advanced Incentive alternative Payment System payment models (MIPS) Non- participating HPSA bonus II rate Payment (decreases) (increases) (increases) (increases, decreases, or no change)

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