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S8-11 6 Reporting receivables and other accounts in the financial statements [10-15 min] Northend Medical Center included the following selected items in its financial statements: Allowance for doubtful accounts $ 150 Service revenue $ 14,700 Cash 1,010 Other assets 380 Accounts receivable 2,590 Cost of services sold and other expenses 12,400 Accounts payable 400 Notes payable 3.490 Requirements' 1. How much net income did Northend earn for the month? 2. Show two ways Northend can report receivables on its classified balance sheet