8-7. 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 $480,000 Cash and cash equivalents, business-type activities 700,000 Receivables, governmental activities 450,000 Receivables, business-type activities 1,330,000 Inventories, business-type activities 520,000 Capital assets, net, governmental activities 12,500,000 Capital assets, net, business-type activities 7,200,000 Accounts payable, governmental activities 650,000 Accounts payable, business-type activities 559,000 General obligation bonds, governmental activities 7,800,000 Revenue bonds, business-type activities 3,210,000 Page 248 Long-term liability for compensated absences, governmental activities 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.