248 Chapter 8 8-7. The following information is available for the preparation of the govern wide financial statements for the City of Southern Springs as of April 30, 2014 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets, net, governmental activities Capital assets, net, business-type activities Accounts payable, governmental activities Accounts payable, business-type activities General obligation bonds, governmental activities Revenue bonds, business-type activities Long-term liability for compensated absences, governmental activities $ 480,000 700.000 450,000 1.330,000 520,000 12,500,000 7.200,000 650,000 559,000 7.800.000 3.210,000 359,000 From the preceding information, prepare (in good form) a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $554,000 for governmental activities and $200,000 for business-type activities. Include a Total column. ilohlo for the preparation of the government