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The Village of Parry reported the following for its Print Shop Fund for the year ended April 3 0 , 2 0 2 0 .

The Village of Parry reported the following for its Print Shop Fund for the year ended April 30,2020.
VILLAGE OF PARRYPRINT SHOP FUND
Statement of Revenues, Expenses, and Changes in Net Position
For the Year Ended April 30,2020
Operating revenues:
Charges for services $ 1,154,000
Operating expenses:
Salaries and benefits $ 516,000
Depreciation 312,600
Supplies used 210,800
Utilities 75,100
Total operating expenses 1,114,500
Income from operations 39,500
Nonoperating income (expenses):
Interest revenue 4,900
Interest expense (6,400)
Total nonoperating expenses (1,500)
Income before transfers 38,000
Transfers in 226,000
Changes in net position 264,000
Net positionbeginning 1,132,000
Net positionending $ 1,396,000
The Print Shop Fund records also revealed the following:
1. Contribution from General Fund for working capital needs $ 106,000
2. Contribution from General Fund for purchase of equipment 120,000
3. Loan (interest-free) from Water Utility Fund for purchase of equipment 313,000
4. Purchase of equipment (512,000)
5. Purchase of one-year investments (62,000)
6. Paid off a bank loan outstanding at May 1,2019(77,700)
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 $ 59,500
The following balances were observed in current asset and current liability accounts. () denote credit balances:
5/1/20194/30/2020
Cash $ 266,100 $ 481,200
Accrued interest receivable 3001,600
Due from other funds 40,00066,000
Supplies 00
Accrued salaries and benefits (35,000)(45,000)
Utility bills payable (7,000)(18,000)
Accounts payable (for supplies only)(52,500)(47,000)
Accrued interest payable (11,000)0
Bank loan payable (77,700)0
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.)
What I have done so far:
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 Departmentsselected answer correct $1,128,000selected answer correct
Cash Paid for Salaries and Benefitsselected answer correct (506,000)selected answer correct
Cash Paid to Suppliersselected answer correct (216,300)selected answer correct
Cash Paid for Utilitiesselected answer correct (64,100)selected answer correct
not attempted not attempted
Net Cash Provided by Operating Activitiesselected answer correct 341,600
Cash Flows from Noncapital Financing Activities:
Payment of Bank Loan Principalselected answer correct not attempted
Transfer from General Fund for Working Capital Needsselected answer correct not attempted
Payment of Interestselected answer correct not attempted
not attempted not attempted
Net Cash Provided by Noncapital Financing Activitiesselected answer correct 0
Cash Flows from Capital and Related Financing Activities:
Transfer from General Fund for Equipment Purchasesselected answer correct not attempted
Loan from Water Utility Fundselected answer correct not attempted
Purchase of Equipmentselected answer correct not attempted
not attempted not attempted
Net Cash Used for Capital and Related Financing Activitiesselected answer correct 0
Cash Flows from Investing Activities:
Purchase of Investmentsselected answer correct not attempted
Collection of Interestselected answer correct not attempted
not attempted not attempted
not attempted 0
Net Increase in Cash and Cash Equivalentsselected answer correct not attempted
Cash and Cash Equivalents, May 1,2019 not attempted
Cash and Cash Equivalents, April 30,2020 $0
Reconciliation of Operating Income to Net Cash Provided by Operating Activities:
Operating Incomeselected answer correct not attempted
Adjustments:
Decrease in Accounts Payableselected answer correct not attempted
Depreciation Expenseselected answer correct not attempted
Increase in Salaries and Benefits Payableselected answer correct not attempted
Increase in Utility Bills Payableselected answer correct not attempted
Increase in Receivables from Other Fundsselected answer correct not attempted
not attempted not attempted
Net Cash Provided by Operating Activitiesselected answer correct $0
Noncash Investing, Capital Related Financing and Noncapital Related Financing Activities:
not attempted not attempted
not attempted not at

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