Question
The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2017: 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, 2017:
Cash and cash equivalents, governmental activities | $ | 3,120,000 |
Cash and cash equivalents, business-type activities | 713,000 | |
Receivables, governmental activities | 527,000 | |
Receivables, business-type activities | 1,079,000 | |
Inventories, business-type activities | 422,000 | |
Capital assets, net, governmental activities | 8,603,000 | |
Capital assets, net, business-type activities | 9,212,000 | |
Accounts payable, governmental activities | 528,000 | |
Accounts payable, business-type activities | 536,000 | |
Noncurrent liabilities, governmental activities | 4,432,000 | |
Noncurrent liabilities, business-type activities | 2,610,000 | |
Net position, net investment in capital assets, governmental activities | 4,171,000 | |
Net position, net investment in capital assets, business-type activities | 6,602,000 | |
Net position, restricted for debt service, governmental activities | 613,000 | |
Net position, restricted for debt service, business-type activities | 181,000 | |
From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2017. |
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