The following events were recorded on the books of Free Hospital for the year ended December 31, 2017. Revenue from patient services totaled $12,000,000. The allowance for uncollectibles was established at $2,500,000. Of the $12,000,000 revenue, $4,500 was recognized under cost reimbursement agreements. This revenue is subject to audit and retroactive adjustment by third-party payors. Patient service revenue is accounted for at established rates on the accrual basis. Other operating revenue totaled $260,000, of which $120,000 was from specific purpose funds. Free received $310,000 in unrestricted gifts and bequests. They are recorded at fair market value when received. Endowment funds earned $120,000 in unrestricted income. Board designated funds earned $62,000 in income. Frees operating expenses for the year amounted to $10,030,000. This included $380,000 in straight-line depreciation. Required: Prepare a statement of activities for Free Hospital for the year ended December 31, 2017.