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, $678,900; restricted for renovation of the check-in stand, $0; and unrestricted, $1,352,898.
2. Net income for the year was $162,544.
3. Depreciation expense totaled $53,929.
4. A piece of equipment with a carrying value of $25,600 was sold for $24,500.
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 $247,703.
6. A $14,981 principal payment was made on a lease obligation.
7. A new golf ball retrieving machine was purchased for $200,000. At the end of the year, a $29,500 note associated with the machine remains outstanding.
8. The check-in stand was completed for $53,600 of construction costs incurred this year.

Required

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