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Prepare a statement of operations SHOWING EXCEL FORMULAS, based on these relevant accounts. cash $500,000.00 Accounts...

Prepare a statement of operations SHOWING EXCEL FORMULAS, based on these relevant accounts.
cash $500,000.00
Accounts receivable $400,000.00
Patient revenue $600,000.00
Inventory $50,000.00
Accounts Payable $60,000.00
Depreciation $55,000.00
Labor $150,000.00
Interest $35,000.00
Interest Payable $41,000.00
Interest revenue $10,000.00
Property $65,000.00
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Answer #1
STATEMENT OF OPERATIONS
Patient Revenue 600000
Interest Revenue 10000
Total Revenue 610000 Sum(E4:E5)
Less:- Depriciation 55000
           Labour 150000
           Interest 35000
Total Expenses 240000 sum(E8:E10)
Income From Operations 370000 (E6 - E11)

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