During the year, debt service expenditures for the year amounted to: interest, $966,400; principal, $732,000. For purposes of government-wide statements, $3,200 of the bond premium should be amortized. No adjustment is necessary for interest accrual.

The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020:

Cash and cash equivalents, governmental activities	$	400,000
Cash and cash equivalents, business-type activities		842,000
Receivables, governmental activities		474,000
Receivables, business-type activities		1,401,000
Inventories, business-type activities		548,000
Capital assets, net, governmental activities		14,227,000
Capital assets, net, business-type activities		7,482,000
Accounts payable, governmental activities		685,000
Accounts payable, business-type activities		589,000
General obligation bonds, governmental activities		8,219,000
Revenue bonds, business-type activities		3,382,000
Long-term liability for compensated absences, governmental activities		378,000