During the current year, 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:

1. The beginning net position balances are net investment in capital assets, $679,300; restricted, $0; and unrestricted, $1,353,696.
2. Net income for the year was $162,640.
3. Depreciation expense totaled $53,961.
4. A piece of equipment with a carrying value of $25,800 was sold for $24,700.
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 $247,861.
6. A $14,991 principal payment was made on a lease obligation.
7. A new Zamboni ice resurfacing machine was purchased for $220,000. At the end of the year, a $29,700 note associated with the machine remains outstanding.

Required

Prepare the net position section of Falmouth's statement of net position.

TOWN OF FALMOUTH
Skating Rink Enterprise Fund
Partial Statement of Net Position
As of Year End
Net Position:
Net PositionNet Investment In Capital Assets
Net PositionRestricted
Net PositionUnrestricted
Total Net Position