10 6 points The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2020. VILLAGE OF PARRY-PRINT SHOP FUND Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended April 30, 2020 Operating revenues: Charges for services Operating expenses: $1,125,000 Salaries and benefits $510,000 Depreciation 309,000 Supplies used 207,200 Utilities 74,200 Total operating expenses Income from operations 1,100,400 24,600 Nonoperating income (expenses): Interest revenue 4,300 Interest expense (6,100) Total nonoperating expenses (1,800) Income before transfers 22,800 Transfers in 216,000 Changes in net position 238,800 Net position-beginning Net position-ending 1,129,000 $1,367,800 The Print Shop Fund records also revealed the following: 1. Contribution from General Fund for working capital needs 2. Contribution from General Fund for purchase of equipment 3. Loan (interest-free) from Water Utility Fund for purchase of equipment 4. Purchase of equipment 5. Purchase of one-year investments 6. Paid off a bank loan outstanding at May 1, 2019 The loan was for short-term operating purposes and was the only interest-bearing debt outstanding 7. Signed a capital lease on April 30, 2020 $ 102,000 114,000 310,000 (509,000) (59,000) (77,400) $ 57,400 The following balances were observed in current asset and current liability accounts. ( ) denote credit balances: Cash 5/1/2019 $251,900 4/30/2020 $443,300 Accrued interest receivable 300 Due from other funds 40,000 1,300 63,000 Supplies 0 0 Accrued salaries and benefits (32,000) (42,000) Utility bills payable (6,400) (15,000) Accounts payable (for supplies only) (48,000) (41,000) Accrued interest payable (8,600) Bank loan payable (77,400) Prepare a Statement of Cash Flows for the Village of Parry Print Shop Fund for the year ended April 30, 2020. Include the reconciliation of operating income to net cash provided by operating activities. (Amounts to be deducted should be indicated by a minus sign.)