The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2017 VILLAGE OF PARRY-PRINT SHOP FUND Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended April 30, 2017 Operating revenues: Charges for services $1,105,000 Operating expenses: Salaries and benefits Depreciation Supplies used Utilities $495,000 300,000 200,000 72,000 Total operating expenses 1,067,000 38,000 Income from operations Nonoperating income (expenses): Interest revenue 3,000 5,000 Interest expense Total nonoperating expenses (2,000) Income before transfers Transfers in Changes in net position Net position-beginning Net position-ending 36,000 180,008 216,000 1,120,000 $1,336,000 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, 2016 $ 80,000e 100,000 300,000 (500,000) (50,000) (51,000) The loan was for short-term operating purposes and was the only interest-bearing debt outstanding 7. Signed a capital lease on April 30, 2017 $36,780