On the statement of net position prepared at June 30, 20X5, what amount should be reported for total net position?

a. $8,839,000

b. $7,804,000

c. $7,150,000

d. $8,189,000

The Village of Hampton reported the following data for its governmental activities for the year ended June 30, 20X5:

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Item Cash & cash equivalents Receivables Capital assets Accumulated depreciation Accounts payable Long-term liabilities. Amount $ 1,880,000 459,000 14, 250,000 1,750,000 650,000 5,350,000 Additional data: All of the long-term debt was used to acquire capital assets. Cash of $654,000 is restricted for debt service.