Question: Can you help me create a financial statement for year ending July 31, 20xx, based on the information below. This is based on a practice
Can you help me create a financial statement for year ending July 31, 20xx, based on the information below. This is based on a practice case study, but I need help putting this info in a financial statement.
**It is asked that I separate the accounting/reporting for items 3 and 11 from operating activities to make better sense of operating line-items**
** In performing this task, please start by determining the appropriate financial statement that will make use of each and every line-item listed below. **
July 31, 2020:
1.Patient Services Revenue (net of contractuals) = $231,058,0002.
Supplies and Equipment = $49,173,0003.
Transfer to parent corporation = $25,0004.
Depreciation and Amortization = $4,981,0005.
Other operating revenue = $1,217,0006.
Salaries and Benefits = $95,142,0007.
Provision for Bad Debts and Charity Care = $8,200,0008.
Rental income = $795,0009.
Financing and Interest Costs = $4,031,00010.
Professional Fees = $57,419,00011.
Investment Income, including Joint Ventures and Swap Change = $1,200,000
Thank you so much. I will do a separate example on my own to better grasp the concept. I just need some direction.
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