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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: Cash
- 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 $ 4,050,000 Cash and cash equivalents, business-type activities 880,000 Receivables, governmental activities 650,000 Receivables, business-type activities 1,130,000 Inventories, business-type activities 520,000 Capital assets, net, governmental activities 10,600,000 Capital assets, net, business-type activities 11,350,000 Accounts payable, governmental activities 550,000 Accounts payable, business-type activities 659,000 Noncurrent liabilities, governmental activities 5,550,000 Noncurrent liabilities, business-type activities 3,210,000 Net position, net investment in capital assets, governmental activities 5,050,000 Net position, net investment in capital assets, business-type activities 8,140,000 Net position, restricted for debt service, governmental activities 754,000 Net position, restricted for debt service, business-type activities 223,000 From the preceding information, prepare, in good form, a Statement of Net Position for the city of Southern Springs as of April 30, 2020. Calculate and include the unrestricted net position. Include a total column.
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