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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 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 libility for compensated absences, governmental activities 420.000 84,000 498,000 1.471.000 576,000 14,953,000 7.864,000 719,000 619.000 3,037,000 3.564,000 398,089 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 $613,000 for governmental activities and $210,000 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
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