| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEE | 8,435 | 0 | 0 | 0 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| PRODUCTION COST | 2020-07-01 | 50,000 | 8,333 | 180.000000000000 | 3,333 | 0 | 3,333 | 11,666 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| STUDIO COST | 2020-07-01 | 12,500 | 789 | SL | 39.000000000000 | 321 | 0 | 321 | |
| EQUIPMENT | 2020-07-01 | 12,500 | 8,900 | 200DB | 5.000000000000 | 1,440 | 0 | 2,500 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| STUDIO COST | 12,500 | 1,110 | 11,390 | 11,390 |
| PRODUCTION COST | 50,000 | 11,666 | 38,334 | 38,334 |
| EQUIPMENT | 12,500 | 10,340 | 2,160 | 2,160 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTORS | 81,802 | 0 | 0 | 0 |
| ENTERTAINMENT | 2,840 | 0 | 0 | 0 |
| OFFICE EXPENSES | 5,345 | 0 | 0 | 0 |
| PRODUCTION | 39,938 | 0 | 0 | 0 |
| SOCIAL MEDIA | 51,071 | 0 | 0 | 0 |
| TELEPHONE | 1,210 | 0 | 0 | 0 |
| WEB DEVELOPER | 5,250 | 0 | 0 | 0 |
| BANK SERVICES | 256 | 0 | 0 | 0 |
| DUES & SUBSCRIPTION | 5,148 | 0 | 0 | 0 |
| AMORTIZATION | 3,333 | 0 | 3,333 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| USB FINANCIAL SERVICES | 448 | 448 | |
| USB FINANCIAL SERVICES | 24 | 24 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTATION | 12,637 | 0 | 0 | 0 |
| Name | Address |
|---|---|
| WILLIAM L WALTON |
133 RUSH RIVER LANE WASHINGTON,VA22747 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| VA TAX | 140 | 0 | 0 | 0 |