Showing the steps on how this is solved would be helpful to understand the problem.

11.3 Consider this income statement: Green Valley Nursing Home Inc. Statement of Income, Year Ended December 31, 2016 Revenue Resident services revenue S 3,163,258 Provision for bad debts (110,000) Other revenue 106,146 Total revenues S 3,159,404 Expenses Salaries and benets 5 1,515,438 Medical supplies and drugs 966,781 Insurance and other 296,357 Depreciation 85,000 Interest 206,780 Total expenses $3,070,356 Operating income $ 89,048 Income tax expense 31,167 Net income $ 57,881 I\" How does this income statement differ from the ones presented in exhibits M and M and problem 11.2? b. Why does Green Valley show an income tax expense? 0. What is Green Valley's total prot margin? How does this value compare with the values for Park Ridge Homecare and BestCare Health Insurer? d. The beforetax profit margin for Green Valley is operating income divided by total revenues. Calculate Green Valley's beforetax prot margin. Why might this be a better measure of expense control when comparing an investorowned business with a not-forprot business