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Problemi Entries for the Boston Clinic 2018 income statement are listed below. Use the data to prepare a properly formatted income statement. (Hint: See Exhibit 11.2.1 Depreciation expense General/Administrative expenses Interest expense Nanoperating income Other operating revenue Patient service revenue Provision for bad dels Purchased din VICOS Salaries and benefits $110,000 B4,000 18.500 50,200 24,600 640,400 60.000 120,000 210,000 Problem 2 Consider the following income statement: Rio Grande Nursing Home Inc. Statement of Income Year Ended December 31, 2018 Revenue Resident services ren Provision for bad debts Other revenue Total revenues $3,520,400 (120,3001 $3,550,700 Experts Salaries and benefits Medical supplies and drup Insurance and other Depreciation interest Total expenses Operating income Income tax expense Nincome $1,630,250 990,790 324,622 94.600 160 460 $3.200.712 $ 349,988 120.190 $ 229,798 How does this income statement differ from the one presented inhibit 11.27 b. What Is Rio Grande's total profit margin? C. How do you interpret and assess Rio Grande's total profit margin? Use exhibit 11.1, 2016 as the benchmark for the assessment Problemi Entries for the Boston Clinic 2018 income statement are listed below. Use the data to prepare a properly formatted income statement. (Hint: See Exhibit 11.2.1 Depreciation expense General/Administrative expenses Interest expense Nanoperating income Other operating revenue Patient service revenue Provision for bad dels Purchased din VICOS Salaries and benefits $110,000 B4,000 18.500 50,200 24,600 640,400 60.000 120,000 210,000 Problem 2 Consider the following income statement: Rio Grande Nursing Home Inc. Statement of Income Year Ended December 31, 2018 Revenue Resident services ren Provision for bad debts Other revenue Total revenues $3,520,400 (120,3001 $3,550,700 Experts Salaries and benefits Medical supplies and drup Insurance and other Depreciation interest Total expenses Operating income Income tax expense Nincome $1,630,250 990,790 324,622 94.600 160 460 $3.200.712 $ 349,988 120.190 $ 229,798 How does this income statement differ from the one presented inhibit 11.27 b. What Is Rio Grande's total profit margin? C. How do you interpret and assess Rio Grande's total profit margin? Use exhibit 11.1, 2016 as the benchmark for the assessment

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