PROBLEM 1. St. Anthony's hospital is a private not-for-peofit entity that provides eitizens in the small rural community in which it is located. The most recest construction a Hospital was financed using Hill-Burton funds. During the current month, engaged in the following transactions. Using the following information entries for St. Anthony's for the current month health care services to the St. Anthony's make the appropriane a. The Hospital would have billed $1.2 million for services rendered to its patients. The $1.2 million is based on the hospital's established billing rate. Of this amount $s00,000 will be billed to Delta Medical Group, a third-party payor to indigens will be that insurers many state employees S150,000 will be billed to uninsured patients, $200,000 is provided to indigents and will be considered charity care, and $$0,000 was for services rendered to Hospital employces. b. Delta Medical Group pays for services rendered to its insurees on a rate schedule based on types of procedures rendered. For the services rendered during the current month to Delta insurees, Delta will reimburse the Hospital $780,000. Part of the agreement between St. Anthony's and Delta is that Delta insurees will not be billed for the difference between the amount Delta pays and the amount the Hospital bills. c. Based on prior experience with uninsured patients, the Hospital estimates that $60,000 of the d, The Hospital provides a 50% discount for services rendered to its employees. e. The Hospital recognizes the value of charity services rendered f. The Hospital is the defendant in a malpractice suit. Attorneys for the Hospital are reasonably $150,000 will be uncollectible sure the Hospital will be found liable and that the best estimate of the amount of the loss is $1,500,000. The Hospital carries medical malpractice insurance with a $500,000 deductible clause. g. The Hospital has numerous capitaasets onis books. Straight-line depreciation on the assets is $150,000 for the current period