1. Eastern State University, a public university, had the following account balances as of June 30, 2017. Debits are not distinguished from credits, so assume all accounts have a normal balance (i.e. cash is a debit and accounts payable a credit

Accounts payable	535,000
Accounts receivable (net)	435,000
Capital assets, net of depreciation	7,410,000
Cash and cash equivalents	215,000
Cash and cash equivalents restricted (noncurrent)	240,000
Deferred revenue-current	325,000
General obligation bonds payable - current portion (related to capital acquisition)	390,000
General obligation bonds payable (related to capital acquisition)	2,500,000
Inventories	700,000
Investments - Endowment	4,200,000
Investments Long-term	1,500,000
Investments Short-term -unrestricted	900,000
Net Position-restricted-expendable	1,300,000
Net Position-restricted-nonexpendable	4,440,000
Revenue bonds payable (related to capital acquisition)	2,900,000
Net Position	?

Required: Prepare, in good form, a Statement of Net Position for Eastern State University as of June 30, 2017.

Eastern State University
Statement of Net Position
30-Jun-17
ASSETS
Current Assets:
Cash and cash equivalents
Total current assets
Non-current assets:
Restricted Cash and Cash Equivalents
Total non-current assets
Total assets
LIABILITIES
Current Liabilities:
Accounts payable
Total current liabilities
Non-current liabilities:
Total non-current liabilities
Total liabilities
NET POSITION:
Restricted:
Unrestricted
Total net position
Total liabilities and net position