$1.$ Income Statement

Utilize the following information to create an income

statement for your healthcare organization in the correct

order.

Depreciation expense $$90,000$

General$/$Administrative expense $$70,000$

Interest expense $$20,000$

Investment Income $$40,000$

Net income $$30,000$

Net Operating Income $($loss$)$ $$(10,000)$

Net Operating Revenues $$410,000$

Net Patient Service Revenue $$400,000$

Other Revenue $$10,000$

Purchased Services $$90,000$

Salaries and Benefits $$150,000$

Total Expenses $$420,000$

$2.$ Statement of Changes in Equity

Utilizing the income statement you prepared, consider the

following information to calculate the statement of changes

in equity.

In $2023,$ your healthcare organization $($for$-$profit$)$ distributed a

total of $$10,000$ in dividends to owners and had a beginning$-$of$-$

year equity balance of $$500,000.$ Use this information to

construct the business's statement of changes in equity.

$*$Hint: you need to start with the net income determined from

the Income Statement you prepared

$3.$ Balance Sheet

Utilize the following information to create a balance sheet

for your healthcare organization in the correct order

Accounts payable $$20,000$

Accounts receivable, net $$60,000$

Cash $$30,000$

Equity $$230,000$

Long$-$term debt $$120,000$

Long$-$term investments $$100,000$

Net property and equipment $$150,000$

Other assets $$40,000$

Other long$-$term liabilities $$10,000$

$4.$ What is the current debt ratio for your healthcare facility

based on the balance sheet you created? Show your work

with your response.

$5.$ What implications does this have for financial risk and$/$or

sustainability?

$6.$ How can the balance sheet and income statement guide

decision$-$making for the healthcare facility? List two

specific areas where information from these statements

would be helpful.

PLEASE USE EXCEL IF POSSIBLE