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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:
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 600,000 1,262,000 714,000 2,103,000 828,000 21,489,000 11,302,000 1,027,000 889,000 12,401,000 5,102,000 576,000 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 $881,000 for governmental activities and $365,000 for business-type activities. (Negative amounts should be indicated by a minus sign)
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