The following list provides select financial data for Huron Valley Medical Center, a non-profit healthcare organization, for the year ended December 31, 2021. Accounts payable Accumulated depreciation Administrative expenses Cash Depreciation expense $230,000 $450,000 $255,000 $61,000 $33,000 Gross property, plant, and equipment $900,000 Insurance expense Interest expense $55,000 $75,000 Inventory Labor expense $100,000 $470,000 Long-term debt $270,000 Long-term investments $60,000 Accounts receivable $350,000 Net assets, January 1, 2019 $379,000 $1,000,000 Net patient services revenue Non-operating income Other operating revenue Prepaid expenses Supply expense Wages payable $3,000 $50,000 $8,000 $65,000 $50,000 a) Prepare the statement of operations for Huron Valley Medical Center for the year 2021. b) Prepare the balance sheet for Huron Valley Medical Center for December 31, 2021.