Following is the governmental activities pre-closing trial balance for the Town of Freaz. Freaz is a relatively small town and, as a result, it has only governmental funds (i. e., it uses no proprietary funds). There are no component units. To complete the financial statements for its annual report, the town must prepare a government-wide statement of net position and a statement of activities.

TOWN OF FREAZ
Pre-closing Trial Balance
As of June 30, 2017
(000s omitted)
	Debits				Credits
Cash	$	3,651
Investments		7,311
Taxes ReceivableDelinquent		5,800
Allowance for Uncollectible Delinquent Taxes					$	61
Due from Other Funds		657
Due from Other Governments		6,367
Land		8,780
Buildings		25,800
Accumulated DepreciationBuildings						8,033
Infrastructure		85,792
Accumulated DepreciationInfrastructure						45,627
Machinery & Equipment		28,840
Accumulated DepreciationMachinery & Equipment						13,845
Accounts Payable						7,154
Accrued Liabilities						4,825
Due to Other Funds						772
Current Portion of Long-term Debt						8,720
Bonds Payable						29,300
Net PositionNet Investment in Capital Assets						45,137
Net PositionRestricted for Debt Service						2,183
Net PositionUnrestricted						6,622
Program RevenuesGeneral Government Charges for Services						4,423
Program RevenuesPublic Safety Charges for Services						1,044
Program RevenuesCulture & Recreation Charges for Services						371
Program RevenuesGeneral Government Operating Grants & Contributions						319
Program RevenuesPublic Works Capital Grants & Contributions						1,704
General RevenuesProperty Taxes						13,725
General RevenuesInterest & Penalties						770
General RevenuesInterest Income						405
ExpensesGeneral Government		2,492
ExpensesPublic Safety		11,613
ExpensesPublic Works		5,323
ExpensesCulture & Recreation		1,853
ExpensesInterest on Long-term Debt		761
	$	195,040			$	195,040

The restricted net position for debt service increased $111 for FY 2017. The net position accounts do not reflect FY 2017 depreciation of $1,450 that was allocated to the functions of government, or the towns decision to designate $1,020 for street repair. (All 000s omitted.)

Required

Using the trial balance provided by the town, prepare a government-wide statement of net position. (Enter your answers in thousands.)

Required Using the trial balance provided by the town, prepare a government-wide statement of net position (Enter your answers in thousands.) TOWN OF FREAZ Statement of Net Position As of June 30, 2017 (000s Omitted) Assets Current Assets Total Current Assets Capital Assets: Other Capital Assets (Net of Depreciation) Total Capital Asstes Total Assets Liabilities Current Liabilities: Total Current Liabilities Long-Term Liabilities: Total Liabilities Net Position Net Investment in Capital Assets Restricted-Debt Service Unrestricted: Designated-Street Repair Undesignated Total Net Position Using the trial balance provided by the town, prepare a government-wide statement of activities. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign.) TOWN OF FREAZ Statement of Activities For the Year Ended June 30, 2017 (000s Omitted) Program Revenues Governmental Activities Functions Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Net (Expenses) Revenues and Changes in Net Position Primary Government: Total Governmental Activities S 0 S0S0S0S General Revenues: Total General Revenues Increase in Unrestricted Net Position Net Position, July 1, 2016 Net Position, June 30, 2017