What is the unrestricted?

LIND STOW WIL Loeet Of Thcorrect for the work you have completed so far. It does not indicate completi The following information is avallable 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 canh 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 liability for compensated absences, governmental activities 530,000 1,115,000 630,000 1,858,000 730,000 18,948,000 9,965,000 908,000 784,000 10,938,000 4,500,000 506,000 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 $776,000 for governmental activities and $295,000 for business-type activities. (Negative amounts should be indicated by a minus sign) Answer is complete but not entirely correct. CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Business-Type Activities Activities Total Assets: Cash and Cash Equivalents Receivables $ $ 530,000 630,000 1.115,000 1,858,000 $ 1,645,000 2,488,000 Pray 1 of 2 Next > Answer is complete but not entirely correct. CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business-Type Activities Total Assets: Cash and Cash Equivalents Receivables s s 1,115,000 530,000 630,000 Inventories Capital Assets, Net 1,858,000 730,000 9,965,000 $ 1,645,000 2,488,000 730,000 28,913,000 0 33,776,000 18,948,000 20,108,000 13,668,000 Total Assets Liabilities: Accounts Payable Compensated Absences Payable Bonds Payable 908,000 506,000 10,938,000 784,000 1,692,000 506,000 4,500,000 15,438,000 0 5,284,000 17,636,000 12,352,000 Total Liabilities Net Position: Net Investment in Capital Assets Restricted Unrestricted 8,010,000 776,000 4.984,000 5,465,000 13.475,000 295,000 1,071,000 8,491,000 13.475,000 0 14,251,000 $28,021,000 Total Net Position S 13,770,000 S