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Q5. The following are account balances (in thousands) for ALRAWDHA Health Plan. Prepare a balance sheet and statement of operations for the year ended December

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Q5. The following are account balances (in thousands) for ALRAWDHA Health Plan. Prepare a balance sheet and statement of operations for the year ended December 31, 2017. (4 Marks) Net property and equipment Accounts receivable Medical claims payable Patient service revenue (net of cantractuals) Supply expense Net assets released from restriction for operations Depreciation expense Transfer to parent corporation Labor expense Provision for bad debts Unrealized gains from available for sale securities Net Assets Cash & cash equivalents Long-term debt S 2,000 S2,000 $45,000 S 950,000 S 255,000 S 45,000 S 35,000 S 9,500 S300,000 S12,000 S150,000 S66,300 S110,000

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