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:

The beginning net position balances are net investment in capital assets, $$1,709,800$; restricted for renovation of the check$-$in

stand, $$50,000$; and unrestricted, $$354,692.$

Net income for the year was $$207,190.$

Depreciation expense totaled $$69,500.$

A piece of equipment with a carrying value of $$25,000$ was sold for $$22,500.$

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 $$302,000.$

A $$12,000$ principal payment was made on a lease obligation.

A new golf ball retrieving machine was purchased for $$125,000.$ At the end of the year, a $$40,000$ note associated with the

machine remains outstanding.

The check$-$in stand was completed for $$52,000$ of construction costs incurred this year.

Required

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