During the current year, the Town of Mashpee had a number of transactions that affected the net position of its town golf course, 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, $678,500; restricted for the renovation of the check-in stand, $0; and unrestricted, $1,352,100.
2. Net income for the year was $162,448.
3. Depreciation expense totaled $53,897.
4. A piece of equipment with a carrying value of $25,400 was sold for $24,300.
5. Bonds for $500,000 were issued to construct a new pro shop. At the end of the year, the shop was partially complete, and construction work in progress totaled $247,545.
6. A $14,971 principal payment was made on a lease obligation.
7. A new golf ball retrieving machine was purchased for $180,000. At the end of the year, a $29,300 note associated with the machine remains outstanding.
8. The check-in stand was completed for $53,800 of construction costs incurred this year.

Required

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