Based on the following information prepare a Statement of

Revenues
Based on the following information, prepare a Statement of Revenues, Expenses, and Changes
in Net Position for Hudgins County (government) Hospital for the year ended December 31,
20X7:Patient service charges (gross) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$14,000,000Premium fees earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5,000,000Restricted contributions for heart research . . . . . . . . . . . . . . . . . . . . . . . .
20,000,000Medical record transcript fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
75,000Cafeteria sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000Restricted
contributions for specialized equipment purchases . . . . . . . . 6,500,000Unrestricted income from
endowments . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000Donated services. . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . 330,000Donated materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . 88,000Unrestricted contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . 550,000Nursing services expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7,850,000Other professional services expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5,400,000General services expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,210,000Fiscal services expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
300,000Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
900,000Interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
440,000Depreciation expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,200,000Provision for uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
430,000Charity services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
375,000Contractual adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
950,000Equipment purchases paid from donor-restricted resources . . . . . . . . . . 3,750,300Also,
a term endowment restricted to heart research expired during the year. The foregoing expenses
include $800,000 payable from donor-restricted resources.View Solution: Based on the
following information prepare a Statement of Revenues
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a-statement-of-revenues/

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