You have recently started work as the controller for a small community hospital. The financial statements for the just completed fiscal year have been provided for your review.

Required
After reviewing the statement, you realize that it is not in the proper FASB format. To help your staff correct the statements, make a list of all of the modifications or corrections that should be made to the statement so that it can be presented in the proper format.

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DANKER COMMUNITY HOSPITAL Statement of Operations For the year ended June 30, 2020 Revenue, gains, and other support without donor restrictions: $1,974,240 Patient service revenue (net of charity care) Other operating revenue 293,890 Investment income 103,910 Unrealized gain on equity investments 770 Net assets released from restrictions 42,040 Total revenue and gains 2,414,850 Expenses: Salary and employee benefit expense Supplies expense Utilities expense $742,170 245,740 41,700 Contractual adjustments 889,690 Provision for uncollectible accounts 31,170 Depreciation expense 140,420 Interest expense 29,840 2,120,730 Total expenses $ 294,120 Increase in net assets without donor restrictions DANKER COMMUNITY HOSPITAL Statement of Changes in Net Assets For year ended June 30, 2020 Net assets without donor restrictions: $ 294,120 Increase in net assets without donor restrictions Net assets with donor restrictions: Contributions 30,460 7,220 Investment income Unrealized loss on investments (590) (42,040) (4,950) Net assets released from restrictions Decrease in restricted net assets Increase in net assets 289,170 1,642,450 $1,931,620 Net assets at beginning of the year Net assets at end of the year