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Please solve these rtwo questions Aston Health Plan. Prepare (a) a balance sheet and (b) an income statement lor the year ended December 31, 20X0
Please solve these rtwo questions
Aston Health Plan. Prepare (a) a balance sheet and (b) an income statement lor the year ended December 31, 20X0 Givens Income tax benefit of operating loss Net property and equipment Physician services expense Premium revenue Marketing expense Compensation expense Interest income and other revenue Outside referral expense $12,000 $3,500 $145,000 $150,000 $12,000 $17,000 $5,000 $8,000 68 Health Care Financial Statements Medicare revenuc Occupancy and depreciation expense Medical claims payable Accounts receivable Emergency room expensc Inpatient services expense Interest expense Medicaid revenue Owners' euity Cash and cash equivalents Long-term debt Other administrative expense $125,000 $4,000 $48,000 $6,500 $13,000 $128,000 $3,000 $15,000 $55,500 $95,000 $1,500 $3,000 Multiple statements. The following are account balances as Ul Seplerio 20X1, for Goshen Outpatient 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 Insurance expense Cash Net patient revenues Net accounts receivable Ending balance, temporarily restricted net assets Wages payable Prepaid expenses Long-term debt Supply expense Gross plant, property, and equipment Net assets released from temporary restriction Depreciation expense General expense Transfer to parent corporation Beginning balance, unrestricted net assets Accounts payable Beginning balance, temporarily restricted net assets Interest expense Labor expense Accumulated depreciation Ending or beginning balance, permanently restricted net asset:s Ending balance, unrestricted net assets $22,000 $45,000 $850,000 $150,000 $18,000 $25,000 $3,000 $150,000 $25,000 $700,000 $12,000 $11,000 $125,000 $45,000 $176,000 $65,000 $30,000 $8,000 $550,000 $350,000 $38,000 $252,000
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