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