Reference no: EM132390802
Entries for the Clinic 2018 income statement are listed below in alphabetical order.
Depreciation expense $75,000
General & Admin expenses $50,000
Interest income $10,000
Net income ????
Nonoperating income $30,000
Other operating revenue 12,000
Patient service revenue $500,000
Provision for bad debts $20,000
Purchased clinic services $100,000
Salaries & benefits $125,000
a. Reorder the data to reflect income statement format.
b. What is Clinic's 2018 net income?