Statement of operations. The following is a list of account balances for Krakower Healthcare Services, Inc. on December 31, 20X1. Prepare a statement of operations as of December 31, 20X1. (Hint: when net assets are released from restriction, the restricted account is decreased, and the unrestricted account is increased. It is recognized under revenues, gains, and other support.)

Givens
Supply expense	$60,000
Transfer to parent corporation	$18,000
Provision for bad debt expense	$10,000
Depreciation expense	$35,000
Labor expense	$80,000
Interest expense	$7,000
Administrative expense	$50,000
Net patient service revenues	$220,000
Net assets released from restriction	$30,000