| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEE | 1,568 | 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 | 11,666 | 180.000000000000 | 3,333 | 0 | 3,333 | 14,999 |
| 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 | 1,110 | SL | 39.000000000000 | 321 | 0 | 321 | |
| EQUIPMENT | 2020-07-01 | 12,500 | 10,340 | 200DB | 5.000000000000 | 1,440 | 0 | 2,160 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| STUDIO COST | 12,500 | 1,431 | 11,069 | 11,069 |
| PRODUCTION COST | 50,000 | 14,999 | 35,001 | 35,001 |
| EQUIPMENT | 12,500 | 11,780 | 720 | 720 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTORS | 115,254 | 0 | 0 | 0 |
| ENTERTAINMENT | 3,740 | 0 | 0 | 0 |
| OFFICE EXPENSES | 5,869 | 0 | 0 | 0 |
| PRODUCTION | 26,132 | 0 | 0 | 0 |
| SOCIAL MEDIA | 33,770 | 0 | 0 | 0 |
| TELEPHONE | 74 | 0 | 0 | 0 |
| WEB DEVELOPER | 9,280 | 0 | 0 | 0 |
| DUES & SUBSCRIPTION | 6,410 | 0 | 0 | 0 |
| TRAVEL | 11,027 | 0 | 0 | 0 |
| POSTAGE & DELIVERY | 55 | 0 | 0 | 0 |
| INTEREST EXPENSE | 14 | 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 | 1,693 | 1,693 | |
| USB FINANCIAL SERVICES | 9 | 9 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| AMERICAN EXPRESS | 0 | 576 |
| Name | Address |
|---|---|
| WILLIAM L WALTON |
133 RUSH RIVER LANE WASHINGTON,VA22747 |