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95.Southern State University had the following account balances as of June 30, 2015. Debits are not distinguished from credits, so assume all accounts have a

95.Southern State University had the following account balances as of June 30, 2015. Debits are not distinguished from credits, so assume all accounts have a normal balance:

Accounts receivable

$ 354,000

Accounts payable

265,000

Cash and cash equivalents

120,000

Accrued interest payable

225,000

Endowment investments

6,126,000

General obligation bonds payable (related to capital acquisition)

1,350,000

Inventories

333,000

Short-term investmentsunrestricted

1,444,000

Net positionrestrictednonexpendable

6,126,000

Restricted cash and cash equivalents

92,000

Capital assets, net of depreciation

7,223,000

Revenue bonds payable (related to capital acquisition)

2,200,000

Long-term investments

1,683,000

Long-term liabilitiescurrent portion (related to capital acquisition)

200,000

Net positionrestrictedexpendable

1,900,000

Net investment in capital assets

?

Net positionsunrestricted

?

Required:

Prepare, in good form, a Statement of Net Position for Southern State University as of June 30, 2015.

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