30.00 points During 2017, the Town of Falmouth had a numbor of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the following information for 2017 1. The net position balances are: net investment in capital assets, $679,300; restricted, $0; and unrestricted, $1,353,696 2. Net income for the year was $162,640 3. Depreciation expense totaled $53,981. 4. A pioce of equipment with a carying value of $25,800 was sold for $24,700. 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 complele, and construction work in progress totaled $247,861. 6. A$14,991 principal payment was made on a capital lease. 7. A new Zamboni ice resurfacing machine was purchased for $220,000. At the end of the year, a $29,700 note associated with the machine remains outstanding Required Prepare the net position section of Falmouth's 2017 statement of net position. TOWN OF FALMOUTH Skating Rink Enterprise Fund Partial Statement of Net Position r 31, 2017 Net Position: Net Position-Net Investment In Capital Assets Net Position-Unrestricted Total Net Position References eBook & Resources