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Given the following information, what is the net position of the governmental activities for the Town of Borchville? Show your work. Total fund balance -

Given the following information, what is the net position of the governmental activities for the Town of Borchville? Show your work.

Total fund balance - Governmental Funds $257,500

Capital assets for Borchville $1,570,000

Sales on Account $450,000

Long-term liabilities for Borchville $750,000

Accrued interest payable $40,000

Accounts payable at year end $250,000

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