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. 

Answer rating: 100% (QA)

Once you have prepared the adjusted trial balance you are ready to prepare the financial statements Preparing financial statements is the seventh step in the accounting cycle Remember that we have fou... View the full answer