The following are account balances (in 000) at September 30, 20X1 for HMO Scotland. Prepare:

(a) balance sheet; and (b) income statement.

Income Tax Expense $2,100 Prepaid Expense S30,000 Long-term Investments $23,000 Premium Revenues $20,000 Cash and Cash Equivalents $110,000 Marketing Expense $12,500 Compensation Expense $23,000 Other Non-current Assets $12,800 Interest Income and Other Revenue S14,500 Accrued Expense $17800 Outside Referral Expense $7,500 Claims Payable - Medical $37,000 Medicare Revenues $18,000 Inventory $3,500 Occupancy and Depreciation Expense $5,500 Owners' equity|S66,600 Emergency Room Expense $3,200 Net Property and Equipment $23,000 Premium Receivables $12,000 Inpatient Service Expense $20,000 Notes Payable $4,500 Interest Expense $5,500 Medicaid Revenues $3,000 Long-term Debt|$91,400 Other Administrative Expense $6,500 Other Receivables s3,000