Statement of operations. The following is a list of account balances for Krakower Healthcare Services, Inc. on December 31, 20X1. Prepare a statement of operations as of December 31, 20X1.
Givens
Supply expense $60,000
Transfer to parent corporation $18,000
Provision for bad debt expense $10,000
Depreciation expense $35,000
Labor expense $80,000
Interest expense $7,000
Administrative expense $50,000
Net patient service revenues $220,000
Net assets released from restriction $30,000
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