During the current year, the Town of Mashpee had a number of transactions that affected 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, $680,400; restricted for renovation of the check-in stand, $0; and unrestricted. $1,355,888. 2. Net income for the year was $162,903. 3. Depreciation expense totaled $54,048. 4. A piece of equipment with a carrying value of $26.500 was sold for $25,400. 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 $248,238. 6. A $15,014 principal payment was made on a lease obligation. 7. A new golf ball retrieving machine was purchased for $290,000. At the end of the year, a $30.400 note associated with the machine remains outstanding. 8. The check-in stand was completed for $52,500 of construction costs incurred this year. Required Prepare the net position section of Mashpee's statement of net position. Net Position: TOWN OF MASPEE Golf Enterprise Fund Partial Statement of Net Position As of Year End Net Position-Net Investment In Capital Assets Net Position-Restricted Net Position-Unrestricted Total Net Position $