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, $679,100; restricted for renovation of the check-in stand, $0; and unrestricted, $1,353,297.

Net income for the year was $162,592.

Depreciation expense totaled $53,945.

A piece of equipment with a carrying value of $25,700 was sold for $24,600.

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 $247,782.

A $14,986 principal payment was made on a lease obligation.

A new golf ball retrieving machine was purchased for $210,000. At the end of the year, a $29,600 note associated with the machine remains outstanding.

The check-in stand was completed for $53,500 of construction costs incurred this year.

Required

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