Problem 2

Use the information below to compete the steps in the box.

Pima County (government) Hospital provided the following for the year ended December 31, 2017:

Patient service charges (gross)	$14,200,000
Premium fees earned	5,200,000
Restricted contributions for heart research	21,000,000
Medical record transcript fees	75,500
Cafeteria sales	155,000
Restricted contributions for specialized equipment purchases	6,550,000
Unrestricted income from endowments	1,025,000
Donated services	310,000
Donated materials	85,000
Unrestricted contributions	540,000
Nursing services expenses	7,830,000
Other professional services expenses	5,300,000
General services expenses	3,200,000
Fiscal services expenses	330,000
Administrative expenses	850,000
Interest expense	420,000
Depreciation expense	1,210,000
Provision for uncollectibles	450,000
Charity services	370,000
Contractual adjustments	945,000
Equipment purchases paid from donor-restricted resources	3,750,000

Also, a term endowment restricted to heart research expired during the year. The foregoing expenses include $815,000 payable from donor-restricted resources. Beginning unrestricted net position was $7,000,000 and beginning restricted net position was $1,500,000. Beginning net investment in capital assets was $15,200,000.

Required Steps

Based on the provided information, prepare a Statement of Revenues, Expenses, and Changes in Net Position for Pima County (government) Hospital for the year ended December 31, 2017: