What is the ending Net Position in the government-wide Statement of Net Position for Save the Environment City,a local government organization in its first year of operation,given the following:

$150,000 - Received a cash grant from the Sierra Club

$18,000 - Purchased a used electric scooter for fund-raisingactivities at the beginning of the year; it has a 3-year useful life and no salvage value

$6,000-Purchased a two-yearinsurance policyat the beginning of the year

$40,000-Purchased fund-raisingmaterials on account

$25,000 - Paid current year employee wages

$4,000 - Accrued wages to be paid next year

$78,000 - Received a grantfrom a local university who required that that the grant must be used for research on how to decrease pollution

$120,000 - Received pledges of support from prospective donors in response to ageneralfundraisingcampaign;similar fundraisersindicate that approximately 90% of pledges are collectible

$40,000 - Paid for fundraisingmaterials purchased

$20,000 - Cost of fundraisingmaterials still on hand at the end of the year

Recorded all necessary adjusting entries implied by the activities above