Southern State University had the following account balances as of June 30, 2012. Debits are not distinguished from credits, so assume all accounts have a “normal” balance:
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 325,000
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 265,000
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154,000
Deferred revenue—current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220,000
Endowment investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,123,000
General obligation bonds payable (related to capital acquisition) . . . . . 1,250,000
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 333,000
Short-term investments—unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . 1,444,000
Net assets—restricted—nonexpendable . . . . . . . . . . . . . . . . . . . . . . . . . 6,123,000
Restricted cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,000
Capital assets, net of depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,226,000
Revenue bonds payable (related to capital acquisition) . . . . . . . . . . . . 2,200,000
Long-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,683,000
Long-term liabilities—current portion (related to capital acquisition) . 200,000
Net assets—restricted—expendable . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,775,000
Net assets—invested in capital assets, net of related debt . . . . . . . . . . . ?
Net assets—unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Required:
Prepare, in good form, a Statement of Net Assets for Southern State University as of June 30, 2012.