Exercise 7-26 (Algo) Net Position Classifications [LO 7-5] The Village of Shelburne operates a nine-hole golf course as an enterprise fund. You are provided with the following information for the current year 1. Net income for the year was $161,511. 2. The beginning net position balances are net investment in capital assets, $585,400, restricted, $5,000; and unrestricted, $254,790 3. New golf carts were leased. The present value of the lease liability is $200,000. A principal payment of $40,000 was made during the year, and amortization of the leased asset totaled $37,500 4. Lawn edging equipment with a carrying value of $6,100 was sold for $6,300. 5. A new lawn mower was purchased for $75,000. At the end of the year, a $25,000 note associated with the machine remains outstanding Depreciation of the mower was $7,500 6. Additional depreciation totaled $30,000.