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Seved Help Save & Exit Subm Check my wom Exercise 2-7 (Algo) The following information is available for the preparation of the government-wide financial
Seved Help Save & Exit Subm Check my wom Exercise 2-7 (Algo) 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 Noncurrent liabilities, governmental activities Noncurrent liabilities, business-type activities Net position, net investment in capital assets, governmental activities Net position, net investment in capital assets, business-type activities Net position, restricted for debt service, governmental activities Net position, restricted for debt service, business-type activities $ 3,840,000 878,000 649,000 1,328,000 519,000 10,580,000 11,329,000 649,000 658,000 5,442,000 3,205,000 5,138,000 8,124,000 753,000 223,000 From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. (Calculate and include the unrestricted net position.) Assets: CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Business-Type Activities Activities Total
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