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8 2.27 points The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of
8 2.27 points The following 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 Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activitie Inventories, business-type activities Capital assets, net, governmental activities Capital assets, business-type activities governmental activities Accounts payable, governmental activities Accounts payable, business-type activities Noncurrent Noncurrent liabilities, business-type activities Het position, net investment in capital assets, governmental activities Net position, net investment in capital assets, business-type activities set position, restricted for debt service, governmental activities Set position, restricted for debt service, business-type activities $ 3,540,000 W17,000 600.000 1,229,000 690.000 10,518,000 609,000 $18.000 618,000 5,136,000 3,086,000 4,947,000 7,582,000 705,000 219,000 From the above information, prepare a Statement of Net Position for the City of Southern Springs s of April 30, 2020. (Calculate and include the unrestricted net position.) Assets: Push and Pric Answer is not complete. CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business Activities Total 3 can Y AATTIM 8 227 points Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Retur Assets: Cash and Cash Equivalents Receivables Inventories Capital Assets, Net Total Assets Liabilities: Accounts Payable Noncurrent Liabilities Total Liabilities Net position: Net Investment in Capital Assets Restricted for Debt Service Unrestricted Total Net Position As of April 30, 2020 Business Governmental Activities Type Activities Total 0000 s 1,229,000 00 9,833,000 3,660,000 $ 817,000 $4,477,000 608,000 1,837,000 400,000 490,000 10,518,000 O 20,351,000 0 $14,101,000 $ 13,054,000 $27.155,000 00 0 $ 609,000 $ 618,000 5,136,000 $1,227,000 3,096,000 8,222,000 Q $ 5,745,000 $ 3,704,000 $9,449,000 000 Q's 4,847,000 705,000 $ 7.582,000 $ 12,429,000 219,000 924,000 0 0 $ 5,552,000 $ 7,801,000 $ 13,353,000
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