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On march 31st, Hopi Hospital had assets of $500,000, liabilities of $300,000, and net assets of $200,000. During April, the following transactions were completed: Services

On march 31st, Hopi Hospital had assets of $500,000, liabilities of $300,000, and net assets of $200,000. During April, the following transactions were completed:

  1. Services rendered to patients, $100,000
  2. Collections on patients's accounts, $85,000
  3. Suppliers purchased on accounts, $20,000
  4. Payment on accounts payable to suppliers, $16,000
  5. Supplies consumes in patient care services, $18,000
  6. Other expenses paid in cash, $54,000
  7. Purchased equipment for cash, $12,000

Required: What were the amounts of Hopi Hospital's (1) assets, (2) liabilities, and (3) net assets at April 30?

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