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Prepare a Balance Sheet and Statement of Operations as of December 31, 2019, in proper form. I have completed the Balance Sheet but I am

Prepare a Balance Sheet and Statement of Operations as of December 31, 2019, in proper form.

I have completed the Balance Sheet but I am having a hard time with the Statement of Operations. Please help, Thank you in advance!!

Balance Sheet Accounts Balance
Gross plant & equipment $6,000,000
Accounts payable 130,000
Inventories 100,000
Other current liabilities 70,000
Net accounts receivable 650,000
Accrued expenses 100,000
Accumulated depreciation 200,000
Long-term debt 5,000,000
Cash 210,000
Accounts (Annual Amount) Amount
Administrative expenses $80,000
Net assets released from temporarily restricted accounts for operations 120,000
Labor expense 260,000
Interest expense 12,000
Net patient service revenue 840,000
Supply expense 88,000
Transfer to parent corporation 10,000
Bad debt expense 40,000
Depreciation expense 50,000

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