Can you please review my answer at the bottom and help me with the following:

Can you please explain the calculations (what exactly I am calculating) for Exercise 9-5: I do not understand what you are calculating for the following:

Invested in Capital Assets, Net of Related Debt $3,473,000

Net Assets - Unrestricted $1,636,000

Thank you for your help.

Part Two: Review the financial information pertaining to Southern State University in problem 9-5 on pages 300 of your text. Prepare, in good form, a Statement of Net Position for Southern State University as of June 30, 2015.

Exercise 9-5:

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 investments-unrestricted	1,444,000
Net position-restricted-nonexpendable	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 liabilities-current portion (related to capital acquisition)	200,000
Net position-restricted-expendable	1,900,000
Net investment in capital assets	?
Net positions-unrestricted	?

Required:

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

Answer:

SOUTHERN STATE UNIVEERSITY Statement of Net Position June 30, 2015
Assets
Current Assets:
Cash and cash equivalents	$120,000
Short-term investments-unrestricted	1,444,000
Accounts receivable	354,000
Inventories	333,000
Total current assets	2,251,000
Noncurrent assets:
Restricted cash and cash equivalents	92,000
Endowment investments	6,126,000
Capital assets, net of depreciation	7,223,000
Long-term investments	1,683,000
Total noncurrent assets	15,124,000
Total assets	17,375,000
Liabilities
Current liabilities:
Accounts payable and accrued liabilities (Accrued interest payable) (265,000 + 225,000)	490,000
Long-term liabilities-current portion (related to capital acquisition)	200,000
Total current liabilities	690,000
Noncurrent liabilities:
Revenue bonds payable (related to capital acquisition)	2,200,000
General obligation bonds payable (related to capital acquisition)	1,350,000
Total noncurrent liabilities	3,550,000
Total liabilities	4,240,000
Net Position
Net investment in capital assets	3,473,000
Restricted:
Nonexpendable:
Net position-restricted-nonexpendable	6,126,000
Expendable:
Net position-restricted-expendable	1,900,000
Net position-unrestricted	1,636,000
Total net position	$13,135,000