Multiple statements. The following is a list of accounts (in thousands) for St. Paul’s Hospital on December 31, 20X1. Prepare a balance sheet and statement of operations as of December 31, 20X1.
Givens
Interest expense $1,800
Net patient revenues, net of contractuals only $113,000
Unrestricted contributions $2,300
Cash $5,500
Other noncurrent assets $18,200
Temporary investments $8,800
Gross accounts receivable $42,400
Professional expense $3,200
Other current liabilities $2,100
Accrued expenses $10,000
Accounts payable $11,500
Other revenues $19,000
Long-term debt $11,600
Administrative and medical supplies expense $29,000
Gross plant and equipment $85,000
Labor expense $78,000
Prepaid expenses $2,100
Deferred revenue $2,800
Inventory $2,200
Depreciation expense $7,500
Provision bad debt expense $12,000
Accumulated depreciation $38,000
Nonoperating gains $1,800
Allowance for uncollectibles $20,000