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, $679,300; restricted for renovation of the check-in stand, $0; and unrestricted, $1,353,696. 2. Net income for the year was $162,640. 3. Depreciation expense totaled $53,961. 4. A piece of equipment with a carrying value of $25,800 was sold for $24,700. 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 $247,861. 6. A \$14,991 principal payment was made on a lease obligation. 7. A new golf ball retrieving machine was purchased for $220,000. At the end of the year, a $29,700 note associated with the machine remains outstanding. 8. The check-in stand was completed for $53,400 of construction costs incurred this year. Required Prepare the net position section of Mashpee's statement of net position. 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, $679,300; restricted for renovation of the check-in stand, $0; and unrestricted, $1,353,696. 2. Net income for the year was $162,640. 3. Depreciation expense totaled $53,961. 4. A piece of equipment with a carrying value of $25,800 was sold for $24,700. 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 $247,861. 6. A \$14,991 principal payment was made on a lease obligation. 7. A new golf ball retrieving machine was purchased for $220,000. At the end of the year, a $29,700 note associated with the machine remains outstanding. 8. The check-in stand was completed for $53,400 of construction costs incurred this year. Required Prepare the net position section of Mashpee's statement of net position