Using the data below and the format found in Exhibit 3.1, create an Income Statement for High Plains Medical Center

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