Prepare an Income Statement from the following information for Get Well Partners for the year ended December 31, 2014.
Salaries expense				$ 35,000
Administrative expense				$ 12,000
Interest expense				$ 5,200
Patient service revenue				$ 112,000
Income tax expense				$ 17,000
Rent expense				$ 23,000
Other Revenue				$ 9,000
Bad debt expense				$ 10,080
Prepare a Balance Sheet from the following information for the year ended December 31, 2014:
Long term debt					$ 500,000
Cash					$ 61,000
Allowance for bad debts					$ 75,000
Wages Payable					$ 43,000
Accounts receivable					$ 425,000
Accumulated depreciation					$ 350,000
Inventories					$ 110,000
Gross Plant & Equipment					$ 1,140,000
Accounts Payable					$ 37,000
Prepaid rent					$ 8,000
Increase in (Unrestricted) Net Assets					$ 159,000
Beginning balance, temporarily restricted net assets					$ 70,000
Net assets released from temporary restriction					$ 22,000
Beginning balance, unrestricted net assets					$ 475,000
Ending balance, permanently restricted net assets					$ 35,000