Please bold answer in explanation

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: 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 General obligation bonds, governmental activities Revenue bonds, business-type activities Long-term liability for compensated absences, governmental activities 520,000 1,094,000 618,000 1,823,000 716,000 18,585,000 9,774,000 891,000 769,000 10,729,000 4,414,000 496,000 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 $761,000 for governmental activities and $285,000 for business-type activities. (Negative amounts should be indicated by a minus sign) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business-Type Activities Total Assets: 0 0 0 0 0 0 0 Total Assets Liabilities: 0 0 0 0 0 0 Total Liabilities Net Position: 0 0 0 0 Total Net Position $ 0 $ 0 $ 0