Here are the deliverables: 1.Income statement a. Create this statement in Excel, transcribing all the numbers highlighted in yellow. Then create formulas in Excel to address the following questions for 19X1 : b. What is the collection percentage? c. What percentage of total expenses are human resources (wages and benefits)? d. What percentage of net income went to physician distributions? e. How do you access the income statement for 19X1 ? Explain. 2. Balance Sheet a. Create the statement in Excel, transcribing all the numbers in yellow. Then create formulas in Excel to address the following questions for 19X1. b. What is the percentage of total liabilities to total assets? c. What is the percentage of gross accounts receivable to total current assets? d. What is the percentage increase of stockholder's equity from 19X0 to 19X1.? e. How do you access the balance sheet for 19X1?. Explain 3.AR aging report . a, Create the statement in Excel, transcribing all the numbers in yellow Then create formulas in Excel to address the following questions for 19X1. b. Based on the gross charges in the income statement, what is the Days in Accounts Receivable as of Dec. 31, 19X1, (Note that this will not be an Excel formula.) c. What is the percentage of AR>60 days old? d. How do you access the AR aging report for 19X1 ? Explain 4. Cash flow statement a. How do you access the cash flow statement for 19X1 ? Explain. Exhibit 7-10 Income statement Model Medical Group Income statement For the year ended December 31, 19X1 and 19)X0 Exhibit 7-9 Balance sheet Model Medical Group Balance sheet December 31, 19X1 and 190 Financial Management for Medical Groups 210 Chapter 7 Measuring and Managing Cash Flows Fhanching actutites These activities pertain to various aspects of providing financing to the practice, such as obtaining and repaying loans from creditors, receiving additional contrrbutions from physicians as further investment in the practice. and distributions of cash to the physiclans for their services and as a reward for their capital investments. (See examples in Exhibtt 7-7, on page 209.) Prasentation format of the oash flow statement A formal cash flow statement for the Model Medical Group is presented in Exhibit 7-8. To support the underlying sources of the cash flow data, the balance sheet and income statement for the Model Medical Group is also presented in Exhiblts 7-9, on page 211, and 7-10, on page 212. 5xhibit 7-8 Cash flow statement