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  3. using the data below and the format found in exhib

Using the data below and the format found in Exhibit 3.1, create an Income Statement...

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Finance

Using the data below and the format found in Exhibit 3.1, create an Income Statement for High Plains Medical Center

Contributions 18,250
Depreciation 505,000
Insurance expense 375,000
Interest expense 295,000
Investment income 275,000
Repairs and maintenance 180,000
Other operating revenue 220,000
Patient Services Revenue 11,300,000
Provision for Bad Debts 565,000
Rent expense 360,000
Salaries and benefits 6,750,000
Supplies 975,000
Utilities 160,000

INCOME STATEMENT
Operating revenues:
Patient Services Revenue
Provision for Bad Debts
Net Patient Services Revenue
Other operating revenue
Net operating revenue
Expenses:
Salaries and benefits
Supplies
Utilities
Repairs and maintenance
Rent expense
Insurance expense
Depreciation
Interest expense
Total Expenses
Operating income
Nonoperating income:
Contributions
Investment income
Total nonoperating income
Net income

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