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ASAP please Presented below is the Statement of Net Assets of the City of Salem in thousands dollars: CITY OF SALEM Statement of Net Assets
ASAP please
Presented below is the Statement of Net Assets of the City of Salem in thousands dollars: CITY OF SALEM Statement of Net Assets (in thousands) As of December 31, 2019 Primary Government Business-type Primary Governmental Activities Government Activities (1) "Proprietory" (1)+(2) (2) Component Units 83 4 200 10 005 30 112 8 200 3 312 1 000 2 500 724 1 312 3 900 12 400 13 317 31 112 2 500 3 224 1 312 6 000 2 500 2 100 Assets Cash and cash equivalents Investments Inventory Taxes receivable Accounts receivable Due from other governments Restricted assets Capital assets (net of accumulated depreciation) Total assets Liabilities Accounts payable Accrued liabilities (other accounts payable) 48 000 64 000 84 948 112 000 181 865 10 100 10 183 96 917 2 890 70 490 2 400 4 200 470 4 670 2 155 1 240 1495 Noncurrent Mobiles due within One year frelated to capital ossers) Noncurrent abwits due in more than one year related to capital assets) Total Habilities Net assets Invested in capital assets ner of related debe Restricted Unrestricted TOTAL NET ASSETS 39 800 48 555 18 500 20 800 58 300 69 355 70 Required: complete this stotement by calculating : total net assets, amounts livested in capital assets net of related debt, restricted net assets and unrestricted net assetsStep by Step Solution
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