Multiple statements. The following are account balances (in thousands) for Aston

Question

Multiple statements. The following are account balances (in thousands) for Aston Health Plan. Prepare (a) a balance sheet and (b) an income statement for the year ended Dec 31, 2012. GIVEN INCOME TAX BENEFIT OF OPERATING LOSS $12,000 NET PROPERTY AND EQUIPMENT 3,500 PHYSICIAN SERVICES EXPENSE 145,000 PREMIUM REVENUE 150,000 MARKETING EXPENSE 12,000 COMPENSATION EXPENSE 17,000 INTEREST INCOME AND OTHER REVENUE 5,000 OUTSIDE REFERRAL EXPENSE 8,000 MEDICARE EXPENSE 125,000 OCCUPANCY AND DEPRECIATION EXPENSE 4,000 MEDICAL CLAIMS PAYABLE 48,000 ACCOUNTS RECEIVABLE 6,500 EMERGENCY ROOM EXPENSE 13,000 INPATIENT SERVICES EXPENSES 128,000 INTEREST EXPENSE 3,000 MEDICAID REVENUE 15,000 OWNER

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i think there is something missing in the question. can u please coment on it whether if its true

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