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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$3,510,000Cash and cash equivalents, business-type activities 802,000Receivables, governmental activities 593,000Receivables, business-type activities 1,214,000Inventories, business-type activities 475,000Capital assets, net, governmental activities 9,683,000Capital assets, net, business-type activities 10,368,000Accounts payable, governmental activities 594,000Accounts payable, business-type activities 603,000Noncurrent liabilities, governmental activities 4,986,000Noncurrent liabilities, business-type activities 2,936,000Net position, net investment in capital assets, governmental activities 4,697,000Net position, net investment in capital assets, business-type activities 7,432,000Net position, restricted for debt service, governmental activities 690,000Net position, restricted for debt service, business-type activities 204,000From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. (Calculate and include the unrestricted net position.)
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