Check my work 19 1. The beginning net position balances are net investment in capital assets, $680,100; restricted, $0; and unrestricted, $1,355,290. 2. Net income for the year was $162,831. 3. Depreciation expense totaled $54,024. 4. A piece of equipment with a carrying value of $26,300 was sold for $25,200. 5. Bonds for $500,000 were issued to construct a concession stand at the rink. At the end of the year, the concession stand was 50 percent complete, and construction work in progress totaled $248,119. 6. A $15,007 principal payment was made on a lease obligation 7. A new Zamboni ice resurfacing machine was purchased for $270,000. At the end of the year, a $30,200 note associated with the machine remains outstanding. 0.64 points ook Print Required Prepare the net position section of Falmouth's statement of net position References TOWN OF FALMOUTH Skating Rink Enterprise Fund Partial Statement of Net Position As of Year End Net Position: Net Position-Net Investment In Capital Assets Net Position-Restricted 251,881 Net Position-Unrestricted 251,881 Total Net Position