Statement of operations. The following is a list of account balances (in thousands) for the Kirkland County Hospital on September 30, 20X1. Prepare a statement of operations as of September 30, 20X1.
Givens
Labor expense $12,000
Provision for bad debt $3,200
Supplies expense $4,800
Unrestricted cash donation for operations $2,300
Net patient service revenues $34,000
Professional fees $8,550
Transfer to parent corporation $1,450
Other revenues from cafeteria and gift shop $1,000
Depreciation expense $1,600
Income from investments (unrestricted investments) $3,000
Administrative expense $3,900