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

b.	What is the net patient revenue?
c.	How much did the hospital earn in other operating revenue?
d.	What are the total expenses for the year?
e.	What is the hospital's earnings or losses from its operations?
f.	How much did the hospital earn in non-operating income?
g.	What is the hospital's bottom line for the year?
h.	What % of net patient revenue is spent on salaries & benefits?
i.	What % of patient services revenue was written off to bad debt?