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United State University, a public university, had the following account balances as of June 30, 2020. Accounts payable 48,000 Accounts receivable (net) 165,000 Student tuition

United State University, a public university, had the following account balances as of June 30, 2020.

Accounts payable 48,000

Accounts receivable (net) 165,000

Student tuition and fees 5,900,000

Capital assets, net of depreciation 9,800,000

Cash and cash equivalents 157,000

Cash and cash equivalents restricted (noncurrent) 343,000

Deferred revenue-current 50,000

General obligation bonds payable - current portion (related to capital acquisition) 120,000

General obligation bonds payable (related to capital acquisition) 1,200,000

Inventories 60,000

Investments - Endowment 800,000

Investments Long-term 650,000

Investments Short-term -unrestricted 70,000

Federal and State Grants 530,000

Net Position-restricted-expendable 700,000

Net Position-restricted-nonexpendable 840,000

Revenue bonds payable (related to capital acquisition) 2,800,000

Net Position ????????

Prepare, in good form, a Statement of Net Position for United State University as of June 30, 2020.

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