Using the data provided, create:

• A balance sheet for Healthy Hospital
• A statement of operations for Chester Springs Hospital

Each statement is worth five points. Be sure to include titles and dates on the statements.

Note: Not all of the givens may be used.

Healthy Hospital

Givens as of September 30, 20x1

Gross plant, property, and equipment $35,000,000

Cash $4,000,000

Insurance expense $450,000

Net accounts receivable $9,700,000

Salaries payable $3,200,000

Inventory $3,300,000

Long-term debt $13,500,000

Accounts payable $5,300,000

Accumulated depreciation $18,500,000

Patient services revenue $3,400,000

Owners equity $11,500,000

Market expense $325,000

Parking revenue $895,000