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 1,928,000 758,000 19,674,000 10,347,000 942,000 814,000 11,356,000 4,672,000 526,000 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) Assets: CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business-Type Activities Total Cash and Cash Equivalents $ 550,000 $ 1,157,000 $ 1,707,000 Receivables Capital Assets, Net 654,000 1,928,000 2,582,000 19,674,000 10,347,000 30,021,000 0 0 20,878,000 13,432,000 34,310,000 Total Assets Liabilities: Accounts Payable 942,000 814,000 1,756,000 Bonds Payable 11,358,000 4,672,000 16,028,000 Compensated Absences Payable 526,000 0 526,000 0 Total Liabilities 12,824,000 5,488,000 18,310,000 Net Position: Net Investment in Capital Assets Restricted Unrestricted Total Net Position 19,674,000 10,347,000 (11,356,000) 30,021,000 (11,356,000) (4.672,000) (4,672,000) 0 $ 8,318,000 $ 5,675,000 $ 13,993,000