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 $1,107,000 Operating expenses: Salaries and benefits $497,000 Depreciation 301,200 Supplies used 200,800 Utilities 72.300 Total operating expenses 1,071,300 Income from operations 35,700 Nonoperating income (expenses): Interest revenue 3,100 Interest expense (5,100) Total nonoperating expenses (2.000) Income before transfers 33,700 Transfers in 183,000 Changes in net position 216,700 Net position-beginning 1,121,000 Net position-ending $1,337,700 The Print Shop Fund records also revealed the following: 1. Contribution from General Fund for working capital needs 2. Contribution from General Pund for purchase of equipment 3. Loan (interest-free) from Water Utility Pund 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 $ 82,000 101,000 301,000 (501,000) (51,000) (56,100) $ 40,500 The following balances were observed in current asset and current liability accounts. () denote credit balances: Cash Accrued interest receivable Due from other funds Supplies Accrued salaries and benefits Utility bills payable Accounts payable (for supplies only) Accrued interest payable Bank loan payable 5/1/2019 $166,300 300 40,000 0 (22,000) (4,400) (33,000) (1,600) (56,100) 4/30/2020 $364,800 600 56,000 0 (32,000) (6,000) (27,000) 0 0 Prepare a Statement of Cash Flows for the Village of Parry Print Shop Fund for the year ended April 30, 2020. Incl reconciliation of operating income to net cash provided by operating activities. (Amounts to be deducted should minus sign.) VILLAGE OF PARRY-PRINT SHOP FUND Statement of Cash Flows For the Year Ended April 30, 2020 Cash Flows from Operating Activities: Cash Received from Departments Cash Paid for Salaries and Benefits Cash Paid to Suppliers Cash Paid for Utilities SIS Net Cash Provided by Operating Activities Cash Flows from Noncapital Financing Activities: Payment of Bank Loan Principal Payment of Interest Transfer from General Fund for Working Capital Needs 0 Net Cash Provided by Noncapital Financing Activities Cash Flows from Capital and Related Financing Activities: Transfer from General Fund for Equipment Purchases Loan from Water Utility Fund Purchase of Equipment 0 Net Cash Used for Capital and Related Financing Activities Cash Flows from Investing Activities: Collection of Interest Purchase of Investments Net Cash Used for Investing Activities Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, May 1, 2019 Cash and Cash Equivalents, April 30, 2020 $ 0 Reconciliation of Operating Income to Net Cash Provided by Operating Activities. Operating Income Adjustments: CH 0 Net Cash Used for Capital and Related Financing Activities Cash Flows from Investing Activities: Collection of interest Purchase of Investments 0 SI Net Cash Used for Investing Activities Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, May 1, 2019 Cash and Cash Equivalents, April 30, 2020 0 Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Operating Income Adjustments: Depreciation Expense Increase in Receivables from Other Funds Increase in Salaries and Benefits Payable Decrease in Accounts Payable Increase in Utility Bills Payable Net Cash Provided by Operating Activities 0 Noncash Investing, Capital Related Financing and Noncapital Related Financing Activities: Capital Lease of Equipment