Mailings Review View Tell me AaBbCcDdEe AaBbCcDdEe !!! lili AaBbCcDc AaBb CcDdEt Heading 1 Heading 2 Normal No Spacing HW Assignment Note: Total Revenues - Total Expenses = Profit 1) 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) 2) Define revenues 3) Define expenses 4) Define net income 5) Was XYC clinic profitable? How do you know? O Focus