The following information pertains to the City of Williamson for 2020, its first year of legal existence. For convenience, assume that all transactions are for the general fund, which has three separate functions: general government, public safety, and health and sanitation.

Receipts:
Property taxes	$435,000
Franchise taxes	50,700
Charges for general government services	5,700
Charges for public safety services	5,800
Charges for health and sanitation services	45,600
Issued long-term note payable	309,000
Receivables at end of year:
Property taxes (90% estimated to be collectible)	106,600
Payments:
Salary:
General government	66,600
Public safety	44,900
Health and sanitation	25,900
Rent:
General government	13,400
Public safety	23,200
Health and sanitation	3,300
Maintenance:
General government	34,200
Public safety	7,800
Health and sanitation	9,500
Insurance:
General government	7,900
Public safety ($4,500 still prepaid at end of year)	15,900
Health and sanitation	14,300
Interest on debt	24,720
Principal payment on debt	6,180
Storage shed	214,000
Equipment	95,000
Supplies (20% still held) (public safety)	18,600
Investments	113,000
Ordered but not received:
Equipment	13,500
Liabilities, all of which are due in one month at end of year:
Salaries:
General government	4,500
Public safety	6,900
Health and sanitation	8,700

Compensated absences (such as vacations and sick days) legally owed to general government workers at year-end total $19,300. These amounts will not be taken by the employees until so late in 2021 that the payment is not viewed as requiring 2020 current financial resources.

The city received a piece of art this year as a donation. It is valued at $20,900. The city plans to use it for general government purposes. The gift has no eligibility requirements. The city chose not to capitalize this property.

General government activities use the storage shed that was acquired this year. It is depreciated over a 10-year period using the straight-line method with no residual value. The city uses the equipment for health and sanitation and depreciates it using the straight-line method over five years with no residual value.

The investments are valued at $126,900 at the end of the year.

For the equipment that was ordered but not yet received, the City Council (the highest decision-making body in the government) voted to honor the commitment when the equipment eventually arrives.

Required: Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended.