Health care, various transactions, statement of activities. The following nominal accounts were extracted from the December 31, 20X7 adjusted trial balance of Downs Private Hospital:
|
Gross patient service revenue |
11,049,200 |
|
|
Research grant revenue to the extent expended |
361,000 |
|
|
Revenue from sale of cafeteria meals to guests and employees |
108,000 |
|
|
Donated services of nurses and physicians (skilled services |
|
|
|
otherwise purchased) |
145,000 |
|
|
Unrestricted gifts and grants |
100,200 |
|
|
Unrestricted endowment income |
12,000 |
|
|
Gifts restricted for equipment purchase |
|
540,000 |
|
Donor-restricted investments for permanent endowment |
|
150,000 |
|
Temporarily restricted endowment income |
|
25,000 |
|
Revenue from parking lot |
|
31,000 |
|
Revenue from vending machines |
|
68,000 |
|
Income on investments whose use is limited by the board for |
|
|
|
capital improvements |
|
207,000 |
|
Contributions restricted by donor for pediatric unit operations |
|
225,000 |
|
Reclassification in—unrestricted—satisfaction of program restrictions |
|
125,000 |
|
Reclassification in—unrestricted—satisfaction of plant acquisition |
|
|
|
restrictions |
125,000 |
220,000 |
|
Unrestricted net assets, Jan 1, 20X7 |
|
625,000 |
|
Temporarily restricted net assets, Jan 1, 20X7 |
|
825,000 |
|
Permanently restricted net assets, Jan 1, 20X7 |
|
2,350,000 |
|
Reclassification out—temporarily restricted—satisfaction of |
|
|
|
program restrictions |
125,000 |
|
|
Reclassification out—temporarily restricted—satisfaction of |
|
|
|
plant acquisition restrictions |
220,000 |
|
|
Administrative services (including $30,000 malpractice cost) |
112,500 |
|
|
Contractual adjustments under third-party reimbursement programs |
1,328,500 |
|
|
Charity care |
215,000 |
|
|
Provision for uncollectibles |
341,600 |
|
|
Nursing services (including $125,000 in pediatric unit) |
6,589,100 |
|
|
Dietary services |
1,511,200 |
|
|
Maintenance services |
838,300 |
|
|
Depreciation and amortization |
478,200 |
|
|
Interest expense |
142,200 |
|
|
Loss on sale of endowment investments |
5,300 |
Prepare a statement of activities for the year ended December 31, 20X7.