The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned and operated vehicles. The Central Garage Fund's preclosing trial balance for the current fiscal year is as follows: Credits Dobaits 5132, 100 11, 300 108,000 59,500 300, 500 Cash Duo from Other Punda Inventory of Supplies Land Building Allowance for Depreciation Building Machinery and Equipment Allowance for Depreciation Machinery and Equipment Vouchers Payable Net Position-Net Investment in Capital Assets Net Position-Unrestricted S. 24, 100 78.400 14.400 37.100 399, 900 214,300 $689,800 $689,900 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year: 1. Supplies were purchased on account for $110,500; the perpetual inventory method is used, 2. The cost of supplies used during the year was $132100. A physical count taken as of that date showed materials and supplies on hand totaled $86,400 at cost. 3. Salaries and wages paid to employees totaled $281.900, including related costs. 4. Billings totaling $26.000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $32.400 of the amount owed. (At the government wide level, record the payable amount as internal Balances.) 5. Depreciation of the building was recorded in the amount of $11,900, depreciation of the machinery and equipment amounted to $10,800 6. Billings to other departments for services provided to them were as follows: General Fund Special Revenue Fund $324,000 152, 300 7. Unpaid interfund receivable balances were as follows: General Pund Special Revenue Fund Beginning of Year $3,100 8,200 End of Year $ 3, 600 11,300 8. Vouchers payable at year-end were $19,100. 9. Closing entries were prepared for the Central Garage Fund (ignore government-wide closing entry). c. Prepare a statement of net position for the Central Garage Fund as of year-end. CITY OF ASHVILLE Central Garage Fund Statement of Net Position Statement of Net Position Assets Current Assets Total Current Assets Capital Assets Total Capital Assets Total Assets Liabilities Total Current Liabilities Net Position Net Investment in Capital Assets Unrestricted Total Net Position