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QE 8-7 Statement of Net Position The following information is available for the preparation of the government.wide financial statements for the City of Southern Springs as of April 30, 2017: 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 liability for compensated absences, governmental activities 380,000 800,000 450,000 1,330,000 520,000 13,500,000 7,100,000 650,000 559,800 7,888,888 3,210,000 359,800 Required: From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2017. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $554,000 for governmental activities and $190,000 for business-type activities. (Negative amounts should be indicated by a minus sign.) Og ENG search Total Assets Liabilities: Total Liabilities Net Position: Total Net Position Search

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