Statement of operations. The following are annual account balances as of September 30, 20X1, for Snead Hospital. Prepare the portion of the statement of operations ending with operating income for the...

Statement of operations. The following are annual account balances as of September 30, 20X1, for Snead Hospital. Prepare the portion of the statement of operations ending with operating income for the 12-month period ending September 30, 20X1.

Givens

Net patient revenue $720,000

Interest expense $18,000

Net assets released from restriction for operations $220,000

Depreciation expense $65,000

Labor expense $444,000

Provision for bad debt $7,000

Supply expense $144,000