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....

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 revenue (net of contractuals) $950,000

Supply expense $255,000

Net assets released from restriction for operations $45,000

Depreciation expense $35,000

Transfer to parent corporation $9,500

Labor expense $300,000

Provision for bad debts $12,000

Unrealized gains from available for sale securities $150,000