Accountancy
16) The following re account balances ('000) on 09/30. 20X1 for Marview Medical Center. Prepare (a) a balance sheet, (b) a statement of operations, and (c) a statement of changes in net assets for 09 30, 20X1
GIVENs (in '000)
Administrative expense $35,000
Depreciation expense $33,000
Cash $42,000
General expense $85,000
Patient revenues (net of contractual) $555,000
Transfer to parent corporation $7,000
Gross accounts receivable $53,000
Beginning balance, unrestricted net assets $155,600
Ending balance, temporarily restricted net assets $5,000
Accounts payable $24,000
Wages payable $14,000
Beginning balance, temporarily restricted net assets $13,000
Prepaid expenses $8,000
Provision for bad debt expense $6,500
Long-term debt $482,300
Labor expense $144,000
Supply expense $61,000
Accumulated depreciation $100,000
Gross plant, property, and equipment $660,000
Ending / beginning balance, permanently restricted net assets $11,000
Net assets released from restriction for operations $8,000
Ending balance, unrestricted net assets $356,300
Uncollectibles in accounts receivable $5,000
Accrued expense $4,100
Inventory $9,000
Temporary investments $9,200
Premium revenues $6,200
Other revenues $3,000
Long-term investments, unrestricted $222,000
Current portion of long-term debt $1,500
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