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.