PAC 3.4 Tax Accounting: Evaluate Non-Profit and For-Profit Tax Return Data Data Tax AccountingAs a tax accountant at Kindred you have been asked to analyze the non-profit and for-profit hospital data. Kindred Hospitals has three hospitals in California that are tax exempt organizations. These three hospitals must be separated from the for-profit hospitals for tax purposes. In addition, you have been asked to do an analysis of a sample of non-profit tax filings and compare those filings to the amounts that Kindreds non-profit hospitals filed for 2019. The variables and data definitions for both files are included in the following tables: IRS 990 Data: Variables Definition per Data Dictionary Assets Total asset book value at year end Income Net Income Revenue Revenue reported on line 12 of Form 990 Kindred 2013 2019 Financial Data Variables Definition per Data Dictionary TotalAssets Total Assets TotalRevenue Net patient revenue plus other operating revenue NetIncome Net Income Complete the chart. Objective Initial Question Sub-questions Possible Measures Descriptive Analysis: Understand assets, revenue, and income information for Kindreds non-profit and for-profit hospitals Which hospitals have the highest income? 1. 2. Descriptive Analysis: Understand how IRS 990 data for non-profit hospitals compares to the Kindred non-profit hospitals Are the Kindred Hospitals comparable to the sample of IRS 990 filings. 3. 4. Diagnostic Analysis: Identify trends in assets, revenue, and income for Kindred hospitals. 5. 6. 7. Diagnostic Analysis: Compare Kindred data to IRS 990 data. 8. 9. 10. 11. Use the data to calculate the measures.