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The list of accounts below are from financial statements of the Mercy Hospital on December 31, 20X9. Please reassemble the accounts and prepare (1) a
The list of accounts below are from financial statements of the Mercy Hospital on December 31, 20X9. Please reassemble the accounts and prepare (1) a balance sheet and (2) statement of operations as of December 31, 20X9.
Givens (thousand):
Self-insurance reserves | $5,200 | Accounts payable | $470 | |
Capitation and premium revenues | $1,060 | Plant, property, and equipment, net | $33,400 | |
Administrative expense | $5,250 | Cash and cash equivalent | $1,150 | |
Depreciation and amortization expense | $2,700 | With donor restricted net assets | $4,930 | |
Other long-term assets | $9,430 | Net assets released from donor restrictions | $370 | |
Investment income | $60 | Net patient service revenues | $61,020 | |
Inventory | $1,300 | Current portion of long-term debt | $290 | |
Goodwill | $280 | Other current assets | $920 | |
Interest expense | $1,500 | Loss from early extinguishment of debt | $110 | |
Employee benefit expense | $11,230 | Salaries, wages, and related liabilities | $2,800 | |
Short-term investments | $300 | Short-term borrowing | $2,370 | |
Long-term investments in unconsolidated affiliates | $9,650 | Prepaid expenses | $550 | |
Patient accounts receivable, net | $6,600 | Long-term debt, net of current portion | $19,270 | |
Salary and wage expense | $25,100 | Supply expense | $5,200 | |
Accrued expense | $350 | Other operating revenues | $430 | |
Without donor restricted net assets | $27,900 |
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