Problem 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 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, $ 380,000 800,000 450,000 1,330,000 520,000 13,500,000 7,100,000 650,000 559,000 7,800,000 3.210,000 359,000 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