Table 1 Warren Clinic 2020 Revenue 2020 Depreciation expense 90,000 (Less sales returns and allowances) 1,000 General /Administrative Expense 70,000 Interest Expense 20000 Investment Income 40000 Total Revenues Expenses Net Income (loss) (10000) Net Operating revenues 410000 Net patient Services Revenue 400000 Other Revenue 10000 Purchased service 90000 Salaries and benefits 150000 Total Expenses

Week 4 Assignment 1: Calculate Total Expenses and Total Revenues (5 Points)

For this week’s assignment, you will need to analyze the Warren Clinic’s 2020 income statement, correctly identify the errors in the Revenue and Expense Tables, reorder the data, place the revenues and expenses in the proper place, and then, recalculate each table. Entries for the Warren Clinic’s 2020 income statement are listed below in alphabetical order and you must reorder the data in the proper format.

Table 1

Warren Clinic 2020

Revenue

2020

Depreciation expense

90,000

(Less sales returns and allowances)

  1,000

General /Administrative Expense

70,000

Interest Expense

20000

Investment Income

40000

Total Revenues

Expenses

Net Income (loss)

(10000)

Net Operating revenues

410000

Net patient Services Revenue

400000

Other Revenue

 10000

Purchased service

 90000

Salaries and benefits

150000

Total Expenses