How do you calculate unrestricted position?

Exercise 2-7 (Algo) 00 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: 4.18/4.54 points awarded Scored 3,610,000 812,000 603,000 1,224,000 485,000 9,783,000 10,468,000 604,000 613,000 5,086,000 3,036,000 4,797,000 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets, net, governmental activities Capital assets, net, business-type activities Accounts payable, governmental activities Accounts payable, business-type activities Noncurrent liabilities, governmental activities Noncurrent liabilities, business-type activities Net position, net investment in capital assets, governmental activities Net position, net investment in capital assets, business- type activities Net position, restricted for debt service, governmental activities Net position, restricted for debt service, business-type activities eBook References 7,532,000 700,000 214,000 From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. (Calculate and include the unrestricted net position.) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Business- Type Activities Activities Total $ Assets: Cash and Cash Equivalents Receivables Inventories Capital Assets, Net 3,610,000$ 603,000 OOOO 812,000 $4,422,000 1,224,000 1,827,000 485,000 485,000 10,468,000 20,251,000 0 9,783,000 $ 13,996,000 S 12,989,000 $ 26,985,000 Total Assets Liabilities: Accounts Payable Noncurrent Liabilities $ 613,000 $ 604,000 $ 5,086,000 1,217,000 8,122,000 3,036,000 0 $ 5,690,000 $ 3,649,000 $ 9,339,000 Total Liabilities Net position: Net Investment in Capital Assets Restricted for Debt Service Unrestricted $ $ 12,329,000 4,797,000 $ 700,000 x OO 7,532,000 214,000 914,000 x 0 0 Total Net Position $ 5,497,000 $ 7,746,000 $ 13,243,000 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted