Exercise 9-2 (Algo) Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet As of December 31, 2020 Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable Due from general fund Total assets Liabilities Accounts payable Due to special revenue fund Total liabilities Fund balance Nonspendable (inventories) Restricted for other purposes Unassigned Total fund balance General Fund Special Revenue Fund Total $ 131,300 6,100 $ 12,400 $ 143,700 6,100 88,400 6,800 88,400 6,800 $ 225,800 $ 19,200 $ 245,000 75,200 6,800 1,900 77,100 6,800 82,000 1,900 83,900 6,100 6,100 17,300 17,300 137,700 137,700 143,800 17,300 161,100 Total liabilities and fund balance $ 225,800 $ 19,200 $ 245,000 Additional information: a. Capital assets (net of accumulated depreciation) amounted to $292,500 at year-end. b. The liability for long-term compensated absences is estimated to be $91,000 at year-end. c. Long-term notes payable amounted to $235,300 at year-end. Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.)