3. Information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020:

Cash and cash equivalents, governmental activities	$	510,000
Cash and cash equivalents, business-type activities		1,073,000
Receivables, governmental activities		606,000
Receivables, business-type activities		1,788,000
Inventories, business-type activities		702,000
Capital assets, net, governmental activities		18,222,000
Capital assets, net, business-type activities		9,583,000
Accounts payable, governmental activities		874,000
Accounts payable, business-type activities		754,000
General obligation bonds, governmental activities		10,520,000
Revenue bonds, business-type activities		4,328,000
Long-term liability for compensated absences, governmental activities		486,000

Prepare 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 $746,000 for governmental activities and $275,000 for business-type activities. (Negative amounts should be indicated by a minus sign)

\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ CITY OF SOUTHERN SPRING S } \\ \hline \multicolumn{4}{|c|}{ Statement of Net Position } \\ \hline \multicolumn{4}{|c|}{ As of April 30,2020} \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & \begin{tabular}{l} Business-Type \\ Activities \end{tabular} & Total \\ \hline \multicolumn{4}{|l|}{ Assets: } \\ \hline & & & \\ \hline \\ \hline \\ \hline \\ \hline & & & \\ \hline \multicolumn{4}{|l|}{ Total Assets } \\ \hline \multicolumn{4}{|l|}{ Liabilities: } \\ \hline \\ \hline \\ \hline \\ \hline \multirow{2}{*}{\multicolumn{4}{|c|}{ Total Liabilities }} \\ \hline & & & \\ \hline \multicolumn{4}{|l|}{ Net Position: } \\ \hline \\ \hline \\ \hline \\ \hline & & & \\ \hline \multicolumn{4}{|l|}{ Total Net Position } \\ \hline \end{tabular}