The following information is that of Screagle Hospital, a not for profit for the year ending December 31, 20X3.

1. Patient Services totaled $6,200,000.

2.

Had total operating expenses:
Nursing Services			$ 2,070,000.00
Other Professional Services			$ 1,250,000.00
Fiscal Services			$ 225,000.00
General Services			$ 1,510,000.00
Bad Debts			$ 125,000.00
Administration			$ 260,000.00
Depreciation			$ 500,000.00
			$ 5,940,000.00

Accounts credited for operating expenses (excluding depreciation):
Cash			$ 4,785,000.00
Allow for DA			$ 125,000.00
A/P			$ 210,000.00
Inventories			$ 240,000.00
Donated Services			$ 80,000.00

3. Allowed contractual adjustments of $220,000 from patient revenue.

4. Received a restricted gift of $180,000 for operating costs.

5. Transferred $200,000 from the temporarily restrictions to purchase new equipment.

6. Received $155,000 of unrestricted gifts.

7. Collected all accounts receivable except for $75,000 written off.

8. Reported a $70,000 increase in the market value of the investment securities portfolio of the general fund from the beginning of the period.

Problem 4 Prepare the statement of operations in good form.