Show me the steps to solve CHAPTER $3$: INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY

Homework Problem $1\mathrm{.}1$

Using the data below, create an Income Statement for High Plains Medical Center. Use Exhibit $3\mathrm{.}1$ as

a guide, but, note that the categories may vary somewhat from this example.

INCOME STATEMENT $($in thousands$)$