Snead Hospital Statement of Operations For the Year Ended September 30, 20X1 Revenue Net patient revenue (net of contractual allowances) Net assets released from restriction Total revenues $820,000 $320,000 $1,140,000.00 Operating expenses Labor expense Supply expense Depreciation expense Bad debt expense Interest expense Total operating expenses $650,000.00 $94,000.00 $75,000.00 $9,000.00 $38,000.00 866,000 Excess of revenues over expenses $274,000.00 Increase in net assets without donor restrictions ? Snead Hospital Statement of Operations For the Year Ended September 30, 20X1 Revenue Net patient revenue (net of contractual allowances) Net assets released from restriction Total revenues $820,000 $320,000 $1,140,000.00 Operating expenses Labor expense Supply expense Depreciation expense Bad debt expense Interest expense Total operating expenses $650,000.00 $94,000.00 $75,000.00 $9,000.00 $38,000.00 866,000 Excess of revenues over expenses $274,000.00 Increase in net assets without donor restrictions