CHAPTER 3: INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY Homework Problem 1.1 There are multiple tabs in this spreadsheet - don't forget to view and answer all tabs Using the data below, create an Income Statement for High Plains Medical Center for the 2020 fiscal year. Use Exhibit 3.1 as a guide, but, note that the categories may vary somewhat from this example. Contributions Depreciation Insurance Interest expense investment income Purchased services Other operating revenue Net patient services revenue Premium revenue Other operating expenses Salaries and benefits Supplies 224 6,679 7,422 8,395 2,644 6,827 3,695 171,742 14,779 11,275 118,468 23,682 a. INCOME STATEMENT (in thousands) Don't forget to show your work using Excel functions/formulas Based upon your Income Statement, answer the following questions: b. How much did the hospital earn in other operating revenue? c. What was the hospital's net gain from its operations? d. How much did the hospital earn in non-operating income? e. What is the hospital's bottom line for the year? f. What % of net patient revenue is spent on salaries & benefits? 8. What % of net operating revenue is from capitated revenue? h. What % of the hospital's bottom line was derived from its operations? What was the approximate cash flow for the year