Prepare a statement of net position for the city of southern springs? Assume that the outstanding bonds were issued to acquire capital assets and restricted assets total $554,000 for governmental activities and 190,000 for business-type activities. Include a total column

3. Indicate what should be included in the Statement of Net Position catego- ries: Net Investment in Capital Assets; Restricted; and Unrestricted. 8-6. List some of the major adjustments required when converting from fund financial statements to government-wide statements. 8-7. The following information is available for the preparation of the government- wide financial statements for the City of Southern Springs as of April 30, 2017: Cash and cash equivalents, governmental activities 380,000 Cash and cash equivalents, business-type activities 800,000 Receivables, governmental activities 450,000 Receivables, business-type activities 1,330,000 Inventories, business-type activities 520,000 Capital assets, net, governmental activities 13,500,000 Capital assets, net, business-type activities 7, 100,000 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, 2017. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $554,000 for governmental activities and $190,000 for business-type activities. Include a Total column. 8 8. The following information is available for the preparation of the government