Riviera Township reported the following data for its governmental activities for the year ended June 30, 20X9:

Item	Amount
Cash and cash equivalents	$	1,000,000
Receivables		300,000
Capital assets		8,500,000
Accumulated depreciation		1,200,000
Accounts payable		400,000
Long-term liabilities		4,000,000

Additional information available is as follows:

All of the long-term debt was used to acquire capital assets. Cash of $475,000 is restricted for debt service.

54) Based on the preceding information, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for total net assets?

A) $2,425,000

B) $4,200,000

C) $2,900,000

D) $3,625,000

Answer: B

55) Based on the preceding information, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for net assets invested in capital assets, net of related debt?

A) $4,200,000

B) $2,900,000

C) $2,825,000

D) $3,300,000

Answer: D

56) Based on the preceding information, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for net assets, unrestricted?

A) $425,000

B) $900,000

C) $525,000

D) $825,000

Answer: A

Please explain how to get all the bolded answers