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, $678,100; restricted for renovation of the check-in stand, $0; and unrestricted, $1,351,303.
2. Net income for the year was $162,352.
3. Depreciation expense totaled $53,865.
4. A piece of equipment with a carrying value of $25,100 was sold for $24,000.
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 $247,386.
6. A $14,962 principal payment was made on a lease obligation.
7. A new golf ball retrieving machine was purchased for $150,000. At the end of the year, a $29,000 note associated with the machine remains outstanding.
8. The check-in stand was completed for $54,100 of construction costs incurred this year.

Required

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

TOWN OF MASHPEE Golf Enterprise Fund Partial Statement of Net Position As of Year End Net Position: Net Position-Net Investment In Capital Assets Net Position-Restricted 252.614 Net Position-Unrestricted Total Net Position $ 252,614