Assignment Instructions/ Description
#14. �Statement of operations. The following are annual account balances as of September 30, 20X1, for Moore Hospital. Prepare a statement of operations for the 12?month period ending September 30, 20X1.
Givens
Patient service (net of contractuals): $750,000
Supply expense:$75,000
Net assets released from donor restriction for operations:$25,000
Depreciation expense:$55,000
Transfer to parent corporation:$10,500
Labor expense:$600,000
Bad debt expense:$15,000
Unrealized gains from available for sale debt securities:$95,000