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The following information is taken from the financial statements of Columbia Health Care Inc.: Excerpts from Balance Sheets as of end of Year 3 Year

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The following information is taken from the financial statements of Columbia Health Care Inc.: Excerpts from Balance Sheets as of end of Year 3 Year 1 $30,476,000 25.451.000 Year 2 Gross accounts receivable Allowance for doubtful accounts Net accounts receivable $36,944,000 $31,651,000 13.925,000)4.955,000) Excerpts from Income Statements for the Years Ended Year 1 Year 3 Year 2 $136,946,000 Sales Revenue (all credit) Bad Debt Expense Operating income before taxes 136,354,000 8,148,000 1,048,000 $137,002,000 5,846,000 (3,900,000) 8,628,000 9,321,000

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