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 General obligation bonds, governmental activities Revenue bonds, business-type activities Long-term liability for compensated absences, governmental activities $ 550,000 1,157,000 654.000 1,928,000 750,000 19,674,000 10,347,000 942,000 814,000 11,356,000 4,672,000 526,000 ences From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $806,000 for governmental activities and $315,000 for business-type activities. (Negative amounts should be indicated by a minus sign) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business Type Activities Total Total Assets Liabilities: 1 of 2 Next > outstanding bonds were issued to acquire capital assets and restricted assets total $806,000 for governmental activities and $315,000 for business-type activities. (Negative amounts should be indicated by a minus sign) CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Business Tyne Activities Activities Total Assets: Total Assets Liabilities: 0 0 Total Liabilities Net Position: Total Net Position $ 50 $