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$1, 182,000 $532,000 322,200 220,400 77,500 1, 152, 100 29,900 PCI OLNY I CVCHUCS. Charges for services Operating expenses: Salaries and benefits Depreciation Supplies used Utilities Total operating expenses Income from operations Nonoperating income (expenses): Interest revenue Interest expense Total nonoperating expenses Income before transfers Transfers in Changes in net position Net position-beginning Net position-ending 5,900 (7,200) (1,300) 28,600 256,000 284,600 1,140,000 $1,424,600 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 The following balances were observed in current asset and current liability accounts.() denote credit balances: 5/1/2019 4/30/2020 Cash $353,900 $585,600 Accrued interest receivable 300 2,400 Due from other funds 40,000 74,000 Supplies Accrued salaries and benefits (43,000) (53,000) Utility bills payable (8,600) (26,000) Accounts payable (for supplies only) (64,500) (63,000) Accrued interest payable (17,400) Bank loan payable (78,500) 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.) wheckMy Wor 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 $1,182,000 Operating expenses: Salaries and benefits $532,000 Depreciation 322,200 Supplies used 220,400 Utilities 77,500 Total operating expenses 1, 152, 180 Income from operations 29,900 Nonoperating income (expenses): Interest revenue 5,900 Interest expense (7,200) Total nonoperating expenses (1,300) Income before transfers 28,600 Transfers in 256,000 Changes in net position 284,600 Net position-beginning 1,140,000 Net position-ending $1,424,600 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 $ 120,000 136,000 321,000 (520,000) (70,000) (78.500)
