On April 30, Seattle Grace Mercy West Hospital had the following ending balances: Assets Liabilities $800,000 $450,000 Net Asset $350,000 During May, the following transactions occurred: 1. Services rendered to patients $326,000 2. Collections on patients' accounts $147,000 3. Supplies consumed in patient care services $45,300 4. Payments on accounts payable to suppliers $81,500 5. Supplies purchased on account $46,000 6. Other expenses paid in cash 7. Purchased equipment with cash $48,500 $31,400 Required: What were the amounts of Seattle Grace Mercy West Hospital's (1) assets, (2) liabilities, and (3) net assets at May 30? Assets BB, 4/30: $800,000 1 2 3 4 5 6 7 Totals: Closing Entry: EB, 5/31: check Expenses Ending Balances for Seattle Grace Mercy West Hospital, May 31: Assets: Liabilities: $ Net Assets: $ Expenses: $ Revenues: $ (450,000) Liabilities $450,000 450,000 (450,000) Grade: out of (max): 2 Net Assets $350,000 Revenues 350,000