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PART B ( Examine the data from Putman Medical Center) Givens (in '000s): Insurance expense $70,000 Cash $23,000 Patient revenues (net of contractuals) $614,000 Net

PART B (Examine the data from Putman Medical Center)

Givens (in '000s):

Insurance expense

$70,000

Cash

$23,000

Patient revenues (net of contractuals)

$614,000

Net accounts receivable

$25,000

Ending balance, temporarily restricted net assets

$8,700

Wages payable

$9,100

Prepaid expense

$1,100

Long-term debt

$191,700

Supply expense

$66,000

Gross plant, property, and equipment

$556,000

Net assets released from temporary restriction

$8,000

Depreciation expense

$10,000

General expense

$95,000

Transfer to parent corporation

($8,000)

Beginning balance, unrestricted net assets

$203,400

Accounts payable

$21,000

Beginning balance, temporarily restricted net assets

$16,700

Provision for bad debt expense

$5,400

Labor expense

$145,000

Accumulated depreciation

$99,000

Long-term investments

$150,400

Ending balance, unrestricted net assets

$426,000

Louis Medical Center
Statement of Operations (in '000s)
For the Year Ended September 30, 2016
9/30/2016
Unrestricted revenues
Patient revenues (net of contractuals)
Provision for bad debt expense
Net patient revenues
Net assets released from temporary restriction
Total revenues
Operating expenses:
Labor expense
General expense
Supply expense
Depreciation expense
Interest expense
Total operating expenses
Excess of revenues over expenses
Transfer to parent corporation
Increase in unrestricted net assets

$0

Louis Medical Center
Statement of Changes in Net Assets (in '000s)
For the Year Ended September 30, 2016
9/30/2016
Unrestricted net assets
Excess of revenues over expenses
Unrestricted contributions 0
Transfer to parent corporation
Change in unrestricted net assets 0
Temporarily restricted net assets
Net assets released from temporary restriction
Change in temporarily restricted net assets 0
Permanently restricted net assets
0
Change in permanently restricted net assets 0
Increase in net assets 0
Beginning balance, net assets
Ending balance, total net assets $0

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