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ity of Southern Springs as of April 30, 2020: 8-7. The following information is available for the ormation is available for the preparation of the

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ity of Southern Springs as of April 30, 2020: 8-7. The following information is available for the ormation is available for the preparation of the government- wide financial statements for the City of Southern Springs as of Apr Cash and cash equivalents, governmental activities $ 480,000 Cash and cash equivalents, business-type activities 700,000 Receivables, governmental activities 450.000 Receivables, business-type activities 1,330.000 Inventories, business-type activities 520,000 Capital assets, net, governmental activities 12,500,000 Capital assets, net, business-type activities 7,200.000 Accounts payable, governmental activities 650,000 Accounts payable, business-type activities 559.000 General obligation bonds, governmental activities 7.800.000 Revenue bonds, business-type activities 3,210,000 Long-term liability for compensated absences. governmental activities 359,000 From the preceding information, prepare (in good form) 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 $554.000 for governmental activities and $200,000 for business activities. Include a Total column

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