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How do you calculate the unrestricted values? The following information is available for the preparation of the government-wide financial statements for the City of Southern

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How do you calculate the unrestricted values?

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: From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $598,000 for governmental activities and $205,000 for business-type activities. (Negative amounts should be indicated by a minus sign) \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ CITY OF SOUTHERN SPRINGS } \\ \hline \multicolumn{5}{|c|}{ Statement of Net Position } \\ \hline \multicolumn{5}{|c|}{ As of April 30, 2020} \\ \hline & & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & \begin{tabular}{c} Business-Type \\ Activities \end{tabular} & Total \\ \hline \multicolumn{5}{|l|}{ Assets: } \\ \hline Cash and Cash Equivalents & ( $ & 410,000 & 863,000 & $1,273,000 \\ \hline Receivables & & 486,000 & 1,436,000 & 1,922,000 \\ \hline Capital Assets, Net & & 14,590,000 & 7,673,000 & 22,263,000 \\ \hline \multirow[t]{2}{*}{ Inventories } & & & 562,000 & 562,000 \\ \hline & & & & 0 \\ \hline Total Assets & & 15,486,000 & 10,534,000 & 26,020,000 \\ \hline \multicolumn{5}{|l|}{ Liabilities: } \\ \hline Accounts Payable & & 702,000 & 604,000 & 1,306,000 \\ \hline Bonds Payable & & 8,428,000 & 3,468,000 & 11,896,000 \\ \hline \multirow[t]{2}{*}{ Compensated Absences Payable } & & 388,000 & 0 & 388,000 \\ \hline & & & & 0 \\ \hline Total Liabilities & & 9,518,000 & 4,072,000 & 13,590,000 \\ \hline \multicolumn{5}{|l|}{ Net Position: } \\ \hline Restricted & & 598,000 & 205,000 & 803,000 \\ \hline Net Investment in Capital Assets & & 6,162,000 & 4,205,000 & 10,367,000 \\ \hline \multirow[t]{2}{*}{ Unrestricted } & & & & 0 \\ \hline & & & & 0 \\ \hline Total Net Position & $ & 6,760,000 & 4,410,000 & $11,170,000 \\ \hline \end{tabular}

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