| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 5,066 | 0 | 0 | 5,066 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| STORAGE SHELVING | 2018-02-09 | 600 | 467 | 200DB | 8.92 % | 54 | |||
| FILING CUPBOARD | 2018-10-11 | 725 | 565 | 200DB | 8.92 % | 65 | |||
| TELEPROMPTOR MONITORS | 2018-08-13 | 2,867 | 2,700 | 200DB | 5.76 % | 167 | |||
| VIDEO EQUIPMENT | 2018-08-13 | 25,879 | 24,388 | 200DB | 5.76 % | 1,491 | |||
| B&H TRIPOD RECORDING EQUI | 2018-11-13 | 2,274 | 2,144 | 200DB | 5.76 % | 130 | |||
| IMAC PRO 3.0GHZ | 2018-11-13 | 6,968 | 6,568 | 200DB | 5.76 % | 400 | |||
| TELEPROMPTOR | 2019-04-11 | 1,768 | 1,463 | 200DB | 11.52 % | 204 | |||
| MC LAPTOP | 2019-06-11 | 4,551 | 3,764 | 200DB | 11.52 % | 524 | |||
| GREEN SCREEN HARDWARE | 2021-04-12 | 12,491 | 6,495 | 200DB | 19.20 % | 2,398 | |||
| LAPTOP COMPUTER | 2021-05-11 | 2,799 | 1,456 | 200DB | 19.20 % | 537 | |||
| SEPTIC INSPECTION AND PERMIT | 2021-12-13 | 500 | 14 | SL | 2.56 % | 13 | |||
| SYNOLOGY VIDEO STORAGE SYSTEM | 2021-12-13 | 10,112 | 5,258 | 200DB | 19.20 % | 1,942 | |||
| STUDIO BUILDING PROJECT | 2021-11-20 | 2,400 | 70 | SL | 2.56 % | 62 | |||
| KEYBOARD FOR EDITING SOFTWARE | 2022-05-27 | 550 | 110 | 200DB | 32.00 % | 176 | |||
| STUDIO BUILDING PROJECT | 2022-06-30 | 192,983 | 2,684 | SL | 2.56 % | 4,948 | |||
| FOLDING DESK CHAIR | 2023-06-12 | 140 | 200DB | 20.00 % | 28 | ||||
| OFFICE DESK | 2023-11-10 | 350 | 200DB | 20.00 % | 70 | ||||
| STUDIO BUILDING PROJECT | 2023-06-30 | 590,495 | SL | 1.39 % | 8,214 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 490 | 98 | 392 | |
| Machinery and Equipment | 161,665 | 136,448 | 25,217 | |
| Buildings | 786,378 | 16,005 | 770,373 | |
| Land | 100,000 | 100,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INVENTORY | 10,715 | 10,715 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 70 | 70 | ||
| BUSINESS EXPENSES | 1,585 | 1,585 | ||
| CONTRACT SERVICES | 3,030 | 3,030 | ||
| EQUIPMENT RENTAL AND MAINTENANCE | 1,132 | 1,132 | ||
| EXPENDABLE SET-UP OPERATIONS | 623 | 623 | ||
| MISC | 113 | 113 | ||
| OFFICE FURNITURE | 2,103 | 2,103 | ||
| OPERATIONS | 16,288 | 16,288 | ||
| RENT EXPENSE | 940 | 940 | ||
| SERVICE FEES | 1,214 | 1,214 | ||
| SMALL TOOLS AND EQUIPMENT | 945 | 945 | ||
| SOFTWARE | 556 | 556 | ||
| VIDEO PRODUCTION | 810 | 810 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 75 | 85 |
| LOAN FROM OFFICER | 20,000 | 32,313 |
| NOTE PAYABLE - MICHAEL BYRD | 100,000 | |
| Rounding | 2 | 1 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| SALES OF BIBLE STUDY DVD PRODUCTS | 27,829 | 27,829 |