How do the each of these events impact the Income Statement? Calculate changes on the appropriate lines. Consider each event is independent of each other.

1. On July 1, the prices were raised by 7%. Charged based payors account for 26% of the NPSR and the average discount is 25%.

2. An existing payor's contract ended on November 30, 2020 and the ABC Hospital erroneously kept billing, overstating NPSR by $328,498.

3. On December 31st, a wealth community member dropped off a check for $125,000 with the volunteer at the front desk. The accounting staff didn't see the check when this income statement was prepared.

reserved.

Income Statement ABC Hospital, LTD For the year ended December 31, 2020 $ Revenue: Net Patient Service Revenue - NPSR Other revenue Total revenues 14,228,970 2,110,077 16,339,047 Expenses: Salaries and wages - Non-union Salaries and wages - Union Employee benefits Contract labor Total Labor Supplies Purchased services Depreciation Occupancy Malpractice claims Interest Other Total expenses 3,899,671 3,478,902 1,457,253 205,916 9,041,742 2,676,637 1,889,460 635,218 698,198 414,648 195,829 758,103 16,309,835 29,212 (104,958) (75,746) Operating income before other items Other Items Operating Income Nonoperating income: Contributions Investment income Other nonoperating items Total nonoperating income Net Income 220,525 (175,090 (2,011 43,424 (32,322 $