Question: Assignment 2 a. Using the data below create an Income Statement for XYZ Hospital 2022 Fiscal Year Data for XYZ Hospital: Depreciation Insurance expense Interest

 Assignment 2 a. Using the data below create an Income Statement

Assignment 2 a. Using the data below create an Income Statement for XYZ Hospital 2022 Fiscal Year Data for XYZ Hospital: Depreciation Insurance expense Interest expense Investment income Repairs and maintenance \begin{tabular}{|rr|} \hline$ & 448,350 \\ $ & 373,030 \\ $ & 280,450 \\ $ & 270,900 \\ $ & 222,740 \\ \hline$ & 10,725,260 \\ \hline$ & 299,250 \\ \hline$ & 3,735,610 \\ \hline$ & 1,025,625 \\ \hline$ & 227,500 \\ \hline & \end{tabular} * use the space below to create the Income Statement: \begin{tabular}{|l|l|} \hline Net patient service revenue & \\ \hline & \\ \hline Expenses & \\ \hline Depreciation & \\ \hline Insurance expense & \\ \hline Interest Expense & \\ \hline Repairs \& Maintenance & \\ \hline Rent expense & \\ \hline Salaries \& Benefits & \\ \hline Supplies & \\ \hline Utilities & \\ \hline TOTAL EXPENSES & \\ \hline & \\ \hline Non-operating Income & \\ \hline Investment Income & \\ \hline & \\ \hline & \\ \hline \end{tabular} Based upon your Income Statement, answer the following in the space provided: b. What is the net patient service revenue? c. What are the total expenses for the year? d. What is the hospital's bottom line for the year? e. What % of net patient revenue is spent on salaries \& benefits

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