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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

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, $679,600; restricted, $0; and unrestricted, $1,354,294.
  2. Net income for the year was $162,712.
  3. Depreciation expense totaled $53,985.
  4. A piece of equipment with a carrying value of $26,000 was sold for $24,900.
  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 $247,980.
  6. A $14,998 principal payment was made on a lease obligation.
  7. A new Zamboni ice resurfacing machine was purchased for $240,000. At the end of the year, a $29,900 note associated with the machine remains outstanding.

Required

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

Net Position Net Position - Net investment in capital assets ???? Net Position - Restricted ???? Net Position - Unrestricted ????? Total net position ?????

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