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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: 5
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: 5 1,073,000 806,90 1.788.390 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 19.583.000 374, sed 19,520.de 4,328, , @ 486 dee 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 $746 000 for governmental activities and $275,000 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 Assets: Total Assets Liabilities: Total Liabilities Net Position: Liabilities: Total Liabilities Net Position: Total Net Position
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