I need help with 3. a-2 **************************

The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2020.

CHRISTINA REHABILITATION HOSPITAL
Preclosing Trial Balance
September 30, 2020
(000s omitted)
		Debits		Credits
Cash and Cash Equivalents		$	59,655
Accounts Receivable			61,940
Allowance for Uncollectible Receivables						$	16,640
Inventory			8,500
Prepaid Expenses			6,700
Assets Limited as to UseInvestments			49,530
Investments			207,000
Pledges Receivable			3,910
Discount on Pledges Receivable							1,000
Land			7,670
Buildings			328,940
Accumulated DepreciationBuildings							151,960
Equipment			268,160
Accumulated DepreciationEquipment							122,540
Accounts Payable							20,820
Accrued Payables							26,880
Interest Payable							1,160
Bonds Payable							182,000
Other Long-term Liabilities							127,600
Net AssetsWithout Donor Restrictions							230,105
Net AssetsWith Donor RestrictionsPrograms							79,500
Net AssetsWith Donor RestrictionsEndowment							28,010
Patient Service Revenue							1,072,360
Contractual Adjustments			555,480
Other Operating Revenue							11,420
ContributionsWith Donor RestrictionsPrograms							6,630
ContributionsWith Donor RestrictionsEndowment							220
Investment IncomeWithout Donor Restrictions							8,200
Investment IncomeWith Donor RestrictionsPrograms							560
Unrealized Gain on InvestmentsWith Donor RestrictionsPrograms							680
Salary Expense			339,420
Supplies Expense			141,510
Provision for Uncollectible Accounts			17,930
Depreciation Expense			25,680
Interest Expense			5,220
Unrealized Loss on InvestmentsWithout Donor Restrictions			1,040
Total		$	2,088,285			$	2,088,285

1. Required
2. a-1.Make a statement of operations for the year ended September 30, 2020. Not included on the trial balance is the fact that $1,100 has been released from restrictions.
3. a-2.Make a statement of changes in net assets for the year ended September 30, 2020. Not included on the trial balance is the fact that $1,100 has been released from restrictions.

Make a statement of operations for the year ended September 30, 2020. Not included on the trial balance is the fact that $1,100 has been released from restrictions.(Enter your answers in thousands.)

CHRISTINA REHABILITATION HOSPITAL
Statement of Operations
For Year Ended September 30, 2020
(000s omitted)
Revenue, Gains and Other Support Without Donor Restrictions:
Net Patient Service Revenueselected answer correct
Provision for Uncollectible Accountsselected answer correct
Total Net Patient Service Revenue		$0
Other Operating Revenueselected answer correct
Investment Incomeselected answer correct
not attempted
Total Revenue and Gains		0
Expenses and Losses:
Salary Expenseselected answer correct
Supplies Expenseselected answer correct
Depreciation Expenseselected answer correct
Interest Expenseselected answer correct
	d
Total Expenses and Losses		0
Excess of Revenues and Gains Over Expenses and Losses		0
Net Assets Released from Restrictions:
Satisfaction of Purpose Restrictions		ed
Increase in Net Assets Without Donor Restrictions		$0

Answer rating: 100% (QA)

The Answer is in the image, click to view ... View the full answer