Multiple statements. The following are account balances (in thousands) at September 30, 20X1, for Chester Hospital. Prepare (a) a balance sheet, (b) a statement of operations, and (c) a statement of changes in net assets for September 30, 20X1.
Givens (in ’000s)
Provision for bad debt expense $10,200
Cash $12,600
Patient revenues (net of contractuals) $188,000
Net accounts receivable $15,300
Ending balance, temporarily restricted net assets $13,700
Wages payable $7,800
Inventory $4,400
Long-term debt $39,000
Supply expense $21,000
Gross plant, property, and equipment $175,000
Net assets released from temporary restriction $3,300
Depreciation expense $10,000
General expense $36,000
Transfer to parent corporation ($3,300)
Beginning balance, unrestricted net assets $160,600
Accounts payable $12,000
Beginning balance, temporarily restricted net assets $17,000
Interest expense $1,800
Labor expense $105,000
Accumulated depreciation $35,000
Long-term investments, restricted $64,800
Ending balance, unrestricted net assets $164,600