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 Operating revenues: For the Year Ended April 30, 2020 Charges for services Operating expenses: Salaries and benefits Depreciation Supplies used Utilities Total operating expenses $1,156,000 $518,000 313,800 212,000 75,400 1,119,200 36,800 Income from operations Nonoperating income (expenses): Interest revenue 4,500 Interest expense (6,500) Total nonoperating expenses (2,000) Income before transfers 34,800 Transfers in 232,000 Changes in net position 266,800 Net position-beginning 1,133,000 Net position-ending $1,399,800 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 $ 110,000 122,000 314,000 (513,000) (63,000) (77,800) $ 60,200 The following balances were observed in current asset and current liability accounts. ( ) denote credit balances: 5/1/2019 4/30/2020 Cash Accrued interest receivable Due from other funds Supplies $279,100 300 40,000 8 $496,500 1,700 67,000 e Accrued salaries and benefits (36,000) (46,000) Utility bills payable (7,200) (19,000) Accounts payable (for supplies only) (54,000) (49,000) Accrued interest payable (11,800) Bank loan payable (77,800)