11 During 2017, the Town of Falmouth had a number of transactions that affected net own skating rink, which is operated as an enterprise fund. You are provided with the following information for 2017: 30 points 1. The beginning net position balances are: net investment in capital assets, $680,500; restricted, $0; and unrestricted, $1,356,087 2. Net income for the year was $162,927. 3. Depreciation expense totaled $54,056. 4. A piece of equipment with a carrying value of $26,600 was sold for $25,500. 5. Bonds for $500,000 were issued to construct a concession stand at the rink. At the end of the year, the concession stand was 50 percent complete, and construction work in progress totaled $248,278. 6. A $15,016 principal payment was made on a capital lease. 7. A new Zamboni ice resurfacing machine was purchased for $300,000. At the end of the year, a $30,500 note associated with the machine remains outstanding. Prepare the net position section of Falmouth's 2017 statement of net position. Answer is complete but not entirely correct. TOWN OF FALMOUTH Skating Rink Enterprise Fund Partial Statement of Net Position As of December 31, 2017 Net Position: Net Position-Net Investment in Capital $ 914,860 Assets Net Position-Restricted 251,722 Net Position-Unrestricted 1,032,932 Total Net Position $ 2.199,514