Using the data below and the format found in Exhibit 3.1, create an Income Statement for TMJ Hospital
Contributions	18,250
Depreciation	505,000
Insurance expense	375,000
Interest expense	295,000
Investment income	275,000
Repairs and maintenance	180,000
Other operating revenue	220,000
Patient Services Revenue	11,300,000
Provision for Bad Debts	565,000
Rent expense	360,000
Salaries and benefits	6,750,000
Supplies	975,000
Utilities	160,000
INCOME STATEMENT
Operating revenues:
Patient Services Revenue
Provision for Bad Debts
Net Patient Services Revenue
Other operating revenue
Net operating revenue
Expenses:
Salaries and benefits
Supplies
Utilities
Repairs and maintenance
Rent expense
Insurance expense
Depreciation
Interest expense
Total Expenses
Operating income
Nonoperating income:
Contributions
Investment income
Total nonoperating income
Net income
Based upon your Income Statement, answer the following questions:
What is the net patient revenue?
How much did the hospital earn in other operating revenue?
What are the total expenses for the year?
What is the hospital's earnings or losses from its operations?
How much did the hospital earn in non-operating income?
What is the hospital's bottom line for the year?
What % of net patient revenue is spent on salaries & benefits?
What % of patient services revenue was written off to bad debt?