Multiple statements. The following are account balances (in thousands) at September 30, 20X1, for Sharpe Medical Center. Prepare (a) a balance sheet, (b) a statement of operations, and (c) a statement of changes in net assets for September 30, 20X1.

Givens (in 000s)

Inventory $5,000

Patient revenue (net of contractuals) $402,000

Gross plant, property, and equipment $450,000

Net accounts receivable $95,000

Ending balance, net assets with donor restrictions $24,000

Wages payable $8,600

Longterm debt $320,000

Supply expense $44,000

Net assets released from donor restriction $9,000

Depreciation expense $54,000

General expense $100,000

Bad debt expense $6,500

Cash and cash equivalents $58,000

Transfer to parent corporation ($7,900)

Beginning balance, net assets without donor restrictions $250,000

Accounts payable $16,000

Beginning balance, net assets with donor restrictions $33,000

Interest expense $4,000

Labor expense $180,000

Accumulated depreciation $70,000

Longterm investments $95,200

Ending balance, net assets without donor restrictions $264,600