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Consider the following 2019 information for Valley Medical Center, a not-for-profit hospital Supplies, Insurance, Lease & Interest $60,000 Depreciation expense $40,000 Patient service revenue $333,000

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Consider the following 2019 information for Valley Medical Center, a not-for-profit hospital Supplies, Insurance, Lease & Interest $60,000 Depreciation expense $40,000 Patient service revenue $333,000 Provision for bad debts $3,000 Premium revenue $15,000 Other operating revenue $5,000 Interest expense $10,000 Salaries and benefits $110.000 Contributions $17,500 Investment income $2,500 What is the operating income for Valley Medical Center in 2019? $71.450 $90.000 $130,000 None of the options

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