Problem:
Below is a list of accounts for Currie Hospital as of December 2013 (annual amounts) Prepare a statement of operations for 2013 in good form. Please provide all computation and formulas.
Administrative Expense - 80,000
Net assets released from temporarily restricted accounts for operations - 120,000
Labor Expense - 260,000
Interest Expense 12,000
Net patient service revenue -840,000
Supply Expense 88,000
Transfer to Parent Corporation 10,000
Bad Debt Expense 40,000
Depreciation Expense - 50,000