HOME INSERT PAGE LAYOUT Wrap Tet Cel 2017 17010 to bad deb 226780 2,735,610 CHAPTER 3 HOMEWORK-INCOME STATEMENT Homework 1, Chapter 3 Using the data below and the format found in Exhibit 3.1, create an Income Statement for XYZ Hospital a. b. C. d. 2017 Fiscal Year Data for XYZ Hospital: Contributions Depreciation Insurance expense Interest expense nvestment income Repairs and maintenance Other operating revenue Patient Services Revenue Provision for Bad Debts Rent expense Salaries and benefits Supplies Utilities 17,010 448,350 373,030 280,450 270,900 222,740 215,530 10,725,260 226,780 299,250 7,735,610 1,025,625 227,500 g. h. use the space below to create the Income Statement perating fevanue atient Services e vanue 0.ds,a uO upon your income Statement, answer the following in the space What is the net patient revenue? How much did the hospital earn in other operating revenue? What are the total expenses for the year? What is the hospital's earnings or losses from its operations? How much did the hospital earn in non-operating income? What is the hospital's bottom line for the year? what % of net patient revenue is spent on salaries & benefits? What % of patient services revenue was written off to bad debt