1. Using the historical data as a guide, construct a pro forma (forecasted) profit and loss statement for the clinic's average day for all of 2018. Make assumptions about every revenue/expense line item except volume there will be no change in volume (utilization) from the Jan/Feb patient visit volume. Is the clinic projected to make a profit?

Table 1
Better Care Clinic
Historical Financial Data
Daily Averages
CY 2017 Jan/Feb18
Number of visits	41	45
Net revenue	$1,524	$1,845
Salaries and wages	$ 428	$ 451
Physician fees	533	600
Malpractice insurance	87	107
Travel and education	15	0
General insurance	22	28
Utilities	41	36
Equipment leases	4	5
Building lease	400	417
Other operating expenses	288	300
Total operating expenses	$1,818	$1,944
Net profit (loss)	($ 294)	($ 99)