The following is a list of account balances for Krakower Healthcare Service Show more Statement of operations. The following is a list of account balances for Krakower Healthcare Services Inc. on December 31 20X1. Prepare a statement of operations as of December 31 20X1.
(Hint: when net assets are released from restriction the restricted account is decreased and the unrestricted account is increased. It is recognized under revenues gains and other support.) Givens Givens Supply expense $60000 Transfer to parent corporation $18000 Provision for bad debt expense $10000 Depreciation expense $35000 Labor expense $80000 Interest expense $7000 Administrative expense $50000 Net patient service revenues $220000 Net assets released from restriction $30000 Show less
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