During 2017, the Town of Falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the following information for 2017:

1.	The beginning net position balances are: net investment in capital assets, $680,600; restricted, $0; and unrestricted, $1,356,286.
2.	Net income for the year was $162,951.
3.	Depreciation expense totaled $54,064.
4.	A piece of equipment with a carrying value of $26,700 was sold for $25,600.
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 $248,318.
6.	A $15,018 principal payment was made on a capital lease.
7.	A new Zamboni ice resurfacing machine was purchased for $310,000. At the end of the year, a $30,600 note associated with the machine remains outstanding.

Required

Prepare the net position section of Falmouths 2017 statement of net position.

During 2017, the Town of Falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the following information for 2017:

1.	The beginning net position balances are: net investment in capital assets, $680,600; restricted, $0; and unrestricted, $1,356,286.
2.	Net income for the year was $162,951.
3.	Depreciation expense totaled $54,064.
4.	A piece of equipment with a carrying value of $26,700 was sold for $25,600.
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 $248,318.
6.	A $15,018 principal payment was made on a capital lease.
7.	A new Zamboni ice resurfacing machine was purchased for $310,000. At the end of the year, a $30,600 note associated with the machine remains outstanding.

Required

Prepare the net position section of Falmouths 2017 statement of net position.

During 2017, the Town of Falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the following information for 2017:

1.	The beginning net position balances are: net investment in capital assets, $680,600; restricted, $0; and unrestricted, $1,356,286.
2.	Net income for the year was $162,951.
3.	Depreciation expense totaled $54,064.
4.	A piece of equipment with a carrying value of $26,700 was sold for $25,600.
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 $248,318.
6.	A $15,018 principal payment was made on a capital lease.
7.	A new Zamboni ice resurfacing machine was purchased for $310,000. At the end of the year, a $30,600 note associated with the machine remains outstanding.

Required

Prepare the net position section of Falmouths 2017 statement of net position.

TOWN OF FALMOUTH
Skating Rink Enterprise Fund
Partial Statement of Net Position
As of December 31, 2017
Net Position:
Net PositionNet Investment In Capital Assets
Net PositionRestricted
Net PositionUnrestricted
Total Net Position