The following are annual account balances as of September 30, 20X1 for Snead Hospital. Prepare the portion of the statement of operations ending with operating income for the 12 month period ending September, 30 20X1.

Net patient revenue- 820,000

Interest expense- 38,000

Net assets released from donor restriction for operations- 320,000

Depreciation expense- 75,000

Labor Expense- 650,000

Bad debt expense- 9,000

Supply expense- 94,000