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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$570,000 Cash and cash equivalents, business-type activities 1,199,000 Receivables, governmental activities 678,000 Receivables, business-type activities 1,998,000 Inventories, business-type activities 786,000 Capital assets, net, governmental activities 20,400,000 Capital assets, net, business-type activities 10,729,000 Accounts payable, governmental activities 976,000 Accounts payable, business-type activities 844,000 General obligation bonds, governmental activities 11,774,000 Revenue bonds, business-type activities 4,844,000 Long-term liability for compensated absences, governmental activities 546,000
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 $836,000 for governmental activities and $335,000 for business-type activities. (Negative amounts should be indicated by a minus sign)
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