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The following information is available for the preparation of the government-wide financial statements of the City of Sunbury as of June 30, 2017: Accounts payable,
The following information is available for the preparation of the government-wide financial statements of the City of Sunbury as of June 30, 2017:
Accounts payable, business-type activities | $340,000 |
Accounts payable, governmental activities | 610,000 |
Capital assets, net, business-type activities | 10,400,000 |
Capital assets, net, governmental activities | 10,800,000 |
Cash and cash equivalents, business-type activities | 1,700,000 |
Cash and cash equivalents, governmental activities | 1,800,000 |
Inventories, business-type activities | 600,000 |
Net assets, restricted for debt service, business-type activities | 640,000 |
Net assets, restricted for debt service, governmental activities | 930,000 |
Net assets, invested in capital assets, net, business-type activities | 6,700,000 |
Net assets, invested in capital assets, net, governmental activities | 7,260,000 |
Non-current liabilities, business-type activities | 5,190,000 |
Non-current liabilities, governmental activities | 3,150,000 |
Receivables, business-type activities | 1,430,000 |
Receivables, governmental activities | 400,000 |
Assume all long-term liabilities were incurred in the acquisition of capital assets.
Required: From the information given above, prepare, in good form, a statement of net position for the City of Sunbury as of June 30, 2017. Include the unrestricted net assets, which are to be computed from the information presented above. Include a total column. Sunbury has no component units.
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