HW Assignment Note: Total Revenues - Total Expenses = Profit Using the entries below, complete the table below to create a simple income statement and find the Net Income for XYZ Medical Center. Supplies $50,000 Depreciation $80,000 Healthcare premiums (received) $75,000 Salaries and Benefits $100,000 Other Operating revenues $45,000 Patient services revenue: $150,000 $ Revenues: Total Revenues Expenses: Total Expenses Net Income (Loss) Define revenues 2 Revenues: $ $ Total Revenues Expenses: Total Expenses Net Income (Loss) . Define revenues Define expenses Define net income Was XYC clinic profitable? How do you know? . . W