Copper Hospital’s trial balance at November 30, 20X2, which includes data accumulated since December 31, 20X1, is as follows:

The hospital completed the following transactions during the month of December 20X2:

1. Purchases of supplies on account amounted to $2,300.

2. Supplies that had cost $1,100 were issued from inventory for use in hospital activities.

3. Payments on accounts payable totaled $3,060.

4. Services billed to patients were as follows:

5. Cash collections on patients’ accounts totaled $16,140.

6. Other revenues received in cash totaled $980.

7. Payments of operating expenses included the following:

8. Payment of interest on bonds and bank loan amounted to $850. Required: Using the chart of accounts provided in Figure 3.1, (1) enter the November 30, 20X1, balances in ledger accounts, (2) journalize the December 20X1 transactions, (3) post the transaction entries to the ledger accounts, (4) prepare a trial balance at December 31, 20X1, (5) prepare a statement of operations for the year ended December 31, 20X1, and (6) prepare a balance sheet at December 31, 20X1.