The following are account balances (in thousands) for ALRAWDHA Health Plan. Prepare a balance sheet and statement of operations for the year ended December 31, 2017. (4 Marks)

Net property and equipment	$ 2,000
Accounts receivable	$2,000
Medical claims payable	$45,000
Patient service revenue (net of contractuals)	$ 950,000
Supply expense	$ 255,000
Net assets released from restriction for operations	$ 45, 000
Depreciation expense	$ 35,000
Transfer to parent corporation	$ 9,500
Labor expense	$300,000
Provision for bad debts	$12,000
Unrealized gains from available for sale securities	$150,000
Net Assets	$66,300
Cash & cash equivalents	$110,000
Long-term debt	$2,700