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

Revenue:
Net Patient Service Revenue	$        5,000,000
Total Operating Revenue	$        5,000,000
Operating Expense:
Medical services	$          (600,000)
Therapy services	$          (100,000)
Support services	$          (200,000)
General services	$          (300,000)
Depreciation	$          (150,000)
Total Operating Expenses:	$      (1,350,000)
Income from operations:	$        3,650,000
Nonoperating Gains (Losses)
Interest Income:	$                1,000
Interest Expense:	$            (50,000)
Net Nonoperating Gains(Losses):	$            (49,000)
Revenue and Gains in Excess of Expenses and Losses:	$        3,601,000
Increase in Unrestricted Fund Balance:	$        3,601,000