Question

Prepare a statement of operations: (only 1 year)

Revenue from patients: $5,000,000, Medical services $ 600,000; Therapy services $100,000; support services $200,000, General services $ 300,000, Depreciation $150,000, Interest $ 50,000; interest income $1,000

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Revenue:

Net Patient Service Revenue

Total Operating Revenue

Operating Expense:

....

Total Operating Expenses:

Income from operations:

Nonoperating Gains (Losses)

Interest Income:

Net Nonoperating Gains:

Revenue and Gains in Excess of Expenses and Losses:

Increase in Unrestricted Fund Balance:

Answer 1

Please see the table below. Please see the last column to understand what's going on.

Revenue:	$	How
Net Patient Service Revenue	6,200,000	'=5000000+600000+100000+200000+300000 = A
Total Operating Revenue	6,200,000	B = A
Operating Expense:
Depreciation	150,000	C
Total Operating Expenses:	150,000	D = C
Income from operations:	6,050,000	E = B - D
Nonoperating Gains (Losses)
Interest Income:	1,000	F
Net Nonoperating Gains:	1,000	G = F
Revenue and Gains in Excess of Expenses and Losses:	6,051,000	H = E + G
Increase in Unrestricted Fund Balance:	6,051,000	'=H