Problem 1 The nominal accounts of Boston Clinic for the year ended December 2020 are listed below in alphabetical order: Depreciation expense Supplies Interest expense Contributions (from philanthropic foundations) Investment income Other revenue (parking, cafeteria, etc.) Patient service revenue Provision for bad debts Purchased clinic services Salaries and benefits Premium revenue (capitation contracts) Insurance Lease $280,000 1,240,000 118,000 34,000 36,200 80,000 7,020,000 1,150,000 1,400,000 4,100,000 900,000 764,000 148.000 al a. Prepare a properly formatted income statement for the year ended December 31, 2020. See textbook, Exhibit 3.1. bible Boston clinic spendis280,000 on new feed assess during fiscal 2020? Please explain e Is Boston Clinica for profit organization? Please explain d. What is the key difference between patient service revenue and premium revenue See textbook pages 93 94