Given below are balance sheets as of December 31, 2015, and December 31, 2014, for University Hospital. Using the balance sheets and the additional information provided, complete the income statement of University Hospital for the year ended December 31, 2015.

Additional information:
• University Hospital paid no dividends and there were no other transactions affecting equity during 2015.
• There were no collections during 2015 on accounts receivable outstanding at December 31, 2014, but all receivables are considered collectible.
• There was no charity care or contractual discounts and allowances during 2015.
• University Hospital purchases all medical supplies on account.

• University Hospital did not purchase or sell any property, plant, and equipment during 2015.

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University Hospital Balance Sheets December 31 2015 Assets Cash Accounts receivable Net property, plant, and equipment Total assets Liabilities $ 75,000 32,000 90,000 $197,000 Equity Total Liabilities and Equity 2014 $ 50,000 22,000 $ 37,000 160,000 100,000 $172,000 $ 30,000 142,000 $197,000 $172,000