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Using the data below and the format found in Exhibit 3.1, create an Income Statement for High Plains Medical Center Contributions 18,250 Depreciation 505,000 Insurance
Using the data below and the format found in Exhibit 3.1, create an Income Statement for High Plains Medical Center
Contributions | 18,250 |
Depreciation | 505,000 |
Insurance expense | 375,000 |
Interest expense | 295,000 |
Investment income | 275,000 |
Repairs and maintenance | 180,000 |
Other operating revenue | 220,000 |
Patient Services Revenue | 11,300,000 |
Provision for Bad Debts | 565,000 |
Rent expense | 360,000 |
Salaries and benefits | 6,750,000 |
Supplies | 975,000 |
Utilities | 160,000 |
INCOME STATEMENT |
Operating revenues: |
Patient Services Revenue |
Provision for Bad Debts |
Net Patient Services Revenue |
Other operating revenue |
Net operating revenue |
Expenses: |
Salaries and benefits |
Supplies |
Utilities |
Repairs and maintenance |
Rent expense |
Insurance expense |
Depreciation |
Interest expense |
Total Expenses |
Operating income |
Nonoperating income: |
Contributions |
Investment income |
Total nonoperating income |
Net income |
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