4. Eastern State University, a public university, had the following account balances as of June 30, 2017. Debits are not distinguished from credits, so assume all accounts have a normal balance (i.e. cash is a debit and accounts payable a credit)

Accounts payable 535,000 Accounts receivable (net) 435,000 Capital assets, net of depreciation 7,410,000 Cash and cash equivalents 215,000 Cash and cash equivalents - restricted (noncurrent) 240,000 Deferred revenue-current 325,000 General obligation bonds payable - current portion (related to capital acquisition) 390,000 General obligation bonds payable (related to capital acquisition) 2,500,000 Inventories 700,000 Investments - Edowment 4,200,000 Investments Long-term 1,500,000 Investments Short-term - unrestricted 900,000 Net Position-restricted-expendable 1,300,000 Net Position-restricted-nonexpendable 4,440,000 Revenue bonds payable (related to capital acquisition) 2,900,000 Net Position ???

Required: Prepare, in good form, a Statement of Net Position for Eastern State University as of June 30, 2017.

ASSETS Current Assets: Cash and cash equivalents Total current assets $ Non-current assets: Restricted Cash and Cash Equivalents Total non-current assets Total assets $ LIABILITIES Current Liabilities: Accounts payable Total current liabilities S Non-current liabilities: Total non-current liabilities Total liabilities S NET POSITION: Restricted: Unrestricted Total net position Total liabilities and net position $