On October 1, Taylor Hospital had $450,000 of assets, $150,000 of liabilities, and $300,000 of net assets. Transactions completed during the month of October were as follows:

1. The hospital borrowed $50,000 from a bank.

2. The hospital purchased supplies on account for $20,000.

3. Seventy-five percent of the supplies were issued from inventory and used in patient care. Patients were billed for $21,000.

4. The hospital paid $45,000 of salaries and wages to employees.

5. Patients were billed for $48,500 of other services.

6. The hospital paid $30,400 (including $400 interest) on the bank loan.

7. The hospital paid $17,000 on its accounts payable.

8. The hospital collected $59,000 on patients’ accounts.

Required: Prepare an analysis of these transactions using the format illustrated in Figure 2.1.