How does this income statement differ from the one presented in Table 3.1?
Answer problems 3.2, 3.3, 3.5, 3.6
3.1 Entries for the Warren Clinic 2007 income statement are listed below in
alphabetical order. Reorder the data in proper format.
Bad debt expense $ 40,000
Depreciation expense 90,000
General/administrative expenses 70,000
Interest expense 20,000
Interest income 40,000
Net income 30,000
Other revenue 10,000
Patient service revenue 440,000
Purchased clinic services 90,000
Salaries and bene%uFB01ts 150,000
Total revenues 490,000
Total expenses 460,000
3.2 Consider the following income statement:
Statement of Operations
Year Ended June 30, 2007
Premiums earned $26,682
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