Exercise 2-7 (Algo) 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 Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets, net, governmental activities Capital assets, net, business-type activities Accounts payable, governmental activities Accounts payable, business-type activities Noncurrent liabilities, governmental activities Noncurrent liabilities, business-type activities Net position, net investment in capital assets, governmental activities Net position, net investment in capital assets, business-type activities Net position, restricted for debt service, governmental activities. Net position, restricted for debt service, business-type activities $ 3,640,000 832,000 615,000 1,259,000 492,000 10,030,000 10,740,000 615,000 624,000 5,160,000 3,039,000 4,870,000 7,701,000 714,000 211,000 From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. (Calculate and include the unrestricted net position.) From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. (Calculate and include the unrestricted net position.) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Business-Type Activities Activities Total Assets: $ 0 0 0 0 0 Total Assets $ 0 $ 0 $ 0 Liabilities: $ 0 0 0 Total Liabilities $ 0 $ 0 $ Net position: $ 0 0 0 Total Net Position $ $ 0 $ 0