healthcare economics

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"c Below is a list of accounts for Currie Hospital as of December 2004 (annual amounts) Prepare a statement of operations for 2004 in good? form.. ? ? ? ? ? ? ? ? ? ? ? Account ? ? ? ? Balance ? ? ? ? ? ? ? ? ? ? Administrative Expense ? ? 80,000 ? ? Net assets released from temporarily ? ? ? ? ????? restricted accounts for operations ? 120,000 ? ? Labor Expense ? ? ? 260,000 ? ? Interest Expense ? ? ? 12,000 ? ? Net patient service revenue ? ? 840,000 ? ? Supply Expense ? ? ? 88,000 ? ? Transfer to parent corporation ? ? 10,000 ? ? Bad Debt Expense ? ? ? 40,000 ? ? Depreciation Expense ? ? ? 50,000 ? ? ? ? ? ? ? ? ? ? ? Using the Statement of Operations (Income Statement) you just created, what is the ?Increase in Unrestricted Net Assets? Answer A. $430,000 B. $420,000 C. $120,000 D. $960,000 ????????

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