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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
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$3,660,000Cash and cash equivalents, business-type activities817,000Receivables, governmental activities608,000Receivables, business-type activities1,229,000Inventories, business-type activities490,000Capital assets, net, governmental activities9,833,000Capital assets, net, business-type activities10,518,000Accounts payable, governmental activities609,000Accounts payable, business-type activities618,000Noncurrent liabilities, governmental activities5,136,000Noncurrent liabilities, business-type activities3,086,000Net position, net investment in capital assets, governmental activities4,847,000Net position, net investment in capital assets, business-type activities7,582,000Net position, restricted for debt service, governmental activities705,000Net position, restricted for debt service, business-type activities219,000From 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.)
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